More from Musalem: I expect growth this year to be lower than trend ...Middle East

Tariffs if implemented pose upside risks to inflation but doesn't know if that's months, quarters or yearsHigher inflation and a softer labor market is closer to the baseline scenario now

The Fed funds market is 93% priced for a June cut and 92 bps are priced in for the year ahead.

This article was written by Adam Button at www.forexlive.com.

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