The Fed likely won't cut rates until after a recession strikes, research firm says

Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC.

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• The Fed likely won't cut interest rates until after a recession arrives, according to GlobalData TS Lombard.
• The research firm said Fed Chair Powell is likely to fall into the trap of being reactionary when it comes to rate decisions.
• "By not cutting now, pre-emptive...