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Fed Poised for First Rate Cut Amid Economic Pressures

3/13/2026

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Summary

Story summary

The U.S. Federal Reserve is expected to cut interest rates for the first time in June 2026, according to economists surveyed by Reuters.
The move follows rising inflation and higher oil prices tied to the U.S.-Israel conflict with Iran.
U.S. President Donald Trump has urged immediate rate cuts.
Traders now expect fewer rate cuts in 2026.
The Fed's upcoming meeting will address these pressures, including a weakening job market.

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Story summary

The U.S. Federal Reserve is expected to cut interest rates for the first time in June 2026, according to economists surveyed by Reuters.
The move follows rising inflation and higher oil prices tied to the U.S.-Israel conflict with Iran.
U.S. President Donald Trump has urged immediate rate cuts.
Traders now expect fewer rate cuts in 2026.
The Fed's upcoming meeting will address these pressures, including a weakening job market.