<p>The first signs in six months of a pickup in consumer spending (are emerging)A, (which reduces)B the chances (that)C the Federal Reserve will lower interest rates when (it meets)D next month. No error </p>
<p>It has to be D, I mean the Federal Reserve does not meet NOW, but in a month. They have to use a future tense, but guess what, CB thinks differently, they say its B... lol, it might be B, but D is wrong, as well. What do you think?</p>
<p>It's definitely not D. It's completely correct to say, "This will happen when that happens" (referring to the future). Wouldn't you say, "she's going to study when she goes to college" ?</p>
<p>I would change B to "reducing," because it's not the signs themselves which reduce the chances that the fed will raise interest rates. Rather, the signs indicate a reduced chance.</p>