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The market is terrible at predicting Federal Reserve interest-rate moves, chart shows

Mark DeCambre
The market is terrible at predicting Federal Reserve interest-rate moves, chart shows

After an ugly May, the stock market is on track for solid year-to-date gains, at least partly on the back of hope that the Federal Reserve will soon reduce interest rates to help buoy an economy being buffeted by tariff conflagrations and sluggish global growth.