Traders now put a nearly 90% probability on a Fed rate cut in September, versus about 75% before Powell's remarks
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Traders boosted bets on a Federal Reserve interest-rate cut next month after Fed Chair Jerome Powell said monetary policy may need adjusting given the shifting balance of risks.
Traders now put a nearly 90% probability on a Fed rate cut in September, versus about 75% before Powell's remarks.
(Reporting by Ann Saphir; Editing by Chizu Nomiyama )
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