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The Department of Health and Human Services (HHS), in complying with President Trump’s DOGE executive order, aims to cut 20,000 positions ... Notices to employees may go out as soon as Friday ...

Odds of a July cut, which were up to 17.4% this morning, were back down to 10.7% in the wake of the FOMC’s announcement, according to the CME FedWatch Tool. That’s down from 12.2% on Tuesday ...