* Exxon forecasts fossil fuels to dominate energy use through 2050
* IBM is latest tech firm to downsize in China
* UBS Wealth Management sees US recession risk odds ticking up to 25%
* Texas factory activity exhibited little growth in August: Dallas Fed survey
* US durable goods orders surge in July due to transport equipment orders:

Fed funds futures are pricing in a 72% probability of a 25-basis-points rate cut at the upcoming Sep. 18 policy meeting. For the follow-up meeting in November, the market sees a 53% probability that the current 5.25%-to-5.50% target rate will fall to a 4.75%-to-5.0% range.