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US Fed meeting: Wall Street trades flat ahead of expected interest rate cut by Federal Reserve

US Fed meeting: Wall Street trades flat ahead of expected interest rate cut by Federal Reserve

Ahead of a Federal Reserve policy announcement, U.S. stocks traded flat. The market expects a 25-basis-point rate cut in response to labor market weaknesses. S&P 500 futures dipped slightly, while speculation rises about potential larger cuts as recession risks loom.

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