(Reuters) - Implied prospects for the Fed to cut interest rates by the end of June rose to 24 percent from 20 percent earlier. Futures show a 57 percent chance of an August rate cut, up from 52 percent earlier.
The Institute for Supply Management said its March services barometer fell to 52.4, well below Wall Street forecasts centered on 55.0 and below February's 54.3 reading.
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