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Goldman Sachs reiterated its prediction for a 0.25% interest rate cut at the upcoming Federal Open Market Committee meeting, countering speculations of a more aggressive reduction. Former New York Federal Reserve President Bill Dudley suggested a 0.50% rate cut at the Fed’s upcoming meeting. Market reactions were influenced by reports in the Financial Times and the Wall Street Journal indicating that the size of the initial cut may be a close decision for Fed officials, sparking discussions of a potentially larger cut.

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