Market sees nearly 50% chance of a Fed rate cut by the end of January 2020

Andrew Harrer | Bloomberg | Getty Images

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 20, 2019.

Markets are becoming more convinced that the Federal Reserve will be more accommodative on interest rates.

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