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Expect first Fed rate cut in July: Steve Englander, StanChart
Steve Englander predicts Fed rate cuts reduced to twice in 2019, with first cut likely in July. Market uncertainty prevails due to inflation concerns, affecting risk trade performance amid slow rate cut expectations. Englander says: "If you were to tell the market right now, cutting rates is out of the picture, we would see the risk trade a lot more poorly than it has so far."