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[Wall Street Expects the Fed to Implement a 'Hawkish Rate Cut' This Week] Wall Street anticipates that the Federal Reserve will lower the benchmark interest rate at this week's meeting, but this rate cut may carry a 'hawkish' tone. JPMorgan traders pointed out two key aspects: first, the dot plot indicates that the Fed expects only one rate cut next year; second, Fed Chair Powell emphasizes that inflation concerns remain and does not commit to further rate cuts.