After Federal Reserve Chair Jerome Powell has all but promised interest rate cuts at the upcoming Federal Open Market Committee meeting held on Sept. 17 and Sept. 18, the remaining question is how much. Markets are widely anticipating a 25-basis-point cut. But, after a weaker-than-expected August jobs report, economists are now weighing whether the central bank should double down and cut rates by 50 basis points.

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The CME Group FedWatch, which uses 30-day forward federal fund prices to forecast rate cut........

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