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By Dion Rabouin NEW YORK (Reuters) - Wall Street's top banks have all but abandoned any expectation that the Federal Reserve will raise interest rates in June, and most now see the U.S. central bank's next rate hike coming in September, according to a Reuters survey conducted on Friday. Friday's weaker-than-expected payrolls report for April acted as the catalyst for several economists at primary dealers to back away from their previous predictions for an interest rate increase at the Fed's next meeting in June. "This report did very little to make the case for a June rate hike," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.
SAN DIEGO (AP) — Donald Trump will go to trial in a class-action lawsuit against his now-defunct Trump University after the presidential election but before inauguration if he wins the White House, setting the stage for a president-elect to take the witness stand.