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Wall Street traders agree that policy pivot is ahead in 2024
Broad consensus expects soft landing for US economy.
JPMorgan cuts growth forecasts ‘perilously close’ to recession
The reduced its estimate for annualized gross domestic product growth to 1% for the second quarter, down from 2.5% previously.
Yellen pressed to back strong dollar in reverse of Trump-era tone
The greenback’s tumble this year — it’s heading for the second-biggest drop in the past decade — has already stoked foreign policy makers’ concerns
