Fed will cut interest rates, Wall Street says. But how much and when?

By James Langford

Published June 21, 2019 4:05am ET

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Fed will cut interest rates, Wall Street says. But how much and when? — Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee, on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill, Tuesday, July 17, 2018. | Graeme Jennings

In Wall Street’s interpretation, the Federal Reserve all but promised on Wednesday that its next change to interest rates will be a cut.

The question is how much.

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