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the federal reserve is under mounting pressure to lower interest rates or at least hint at a rate cut to calm during his two day meeting this week Wall Street now joining in on the White House is relentless campaign just last week president trump tweeted quote the fed interest rate way too high added to ridiculous quantitative tightening they don't have a clue the stock market has surged in the last two weeks as investors price in at least two rate cuts but as Rory spread Kerr spotted how which neither warns the chance of the first one coming this week is very very unlikely %HESITATION and and and largely because they have they haven't quite laid the groundwork for the shot you know even if %HESITATION the fat is sort of out of the line with market expectations are markets are saying you know cut cut cut or hike haiku like %HESITATION they don't there's there's no need to surprise people right here and and and and rush into this pressure to lower rates has been growing steadily since the may jobs report showed a steep slowdown in hiring meanwhile manufacturing output has been lackluster for months and inflation is stuck below the fed's two percent target traders are pricing in with near certainty a rate cut in July and what the fed to hit as much when they issued their statement Wednesday I think you can expect perhaps to see that word patient a disappear from the statement and the discourse and that means they may be ready to act at any moment now will be July it will it be out will be August will will be later in the fall the answer there is going to be well it depends but there are fed watchers who question whether the time is right for fate she drawn Powell to give any signal of a policy change ahead of this month's G. twenty meeting between trump and China she Jing ping which could bring news on the trade war between the world's two biggest economies and alter the direction of fed policy others think a rate cut won't be coming anytime soon Goldman Sachs is in that camp , it predicts the federal wait for hard evidence of a significant economic slowdown before making any cuts our policy