The World Trade Organization on Tuesday slashed its 2026 forecast for global merchandise trade volume growth to 0.5% from 1.8%, citing the anticipated lagged effects of U.S. President Donald Trump’s tariffs. “The outlook for next year is bleaker...I am very concerned,” Director-General Ngozi Okonjo-Iweala told reporters in Geneva.U.S. rate futures have priced in a 94.6% chance of a 25 basis point rate cut and a 5.4% chance of no rate change at the October FOMC meeting.Fed Governor Stephen Miran reiterated o ...