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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who started this subject	12/10/2001 5:33:21 AM
From: friverola	of 3536

US Fed seen cutting rates quarter point this week (Reuters) unday, December 9, 2001 The Federal Reserve, still unsure whether the U.S. economy has started to pull out of recession, is widely expected to shave another quarter percentage point off key interest rates this week and drop them to levels not seen since the 1950s. The U.S. central bank's policy-setting Federal Open Market Committee (FOMC) meets on Tuesday to consider the final rate cut of a difficult year that saw the end of a 10-year economic expansion and beginning of a recession in March. The 24 leading government bond dealers on Wall Street unanimously predict the FOMC will lower the benchmark federal funds rate on overnight bank lending by a quarter point, to 1.75 percent, according to a Reuters poll conducted Friday... fxstreet.com

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