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NEW YORK, Sept 18 (Reuters) – Traders in global financial markets are facing extraordinary uncertainty as they await the U.S. Federal Reserve’s expected rate cut on Wednesday, setting up markets for a burst of volatility. Major brokerages expect the Fed to lower interest rates by 25 basis points at the end of its two-day monetary policy meeting, even as financial markets price in a good chance of policymakers starting the easing cycle with a 50-bps reduction. Fed funds futures , which reflect the market’s expectations for the future of monetary…