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Fed rate cut this week not a sure thing: report Reuters A Federal Reserve interest rate cut this week is no sure thing and officials are not seriously considering a half-point reduction in overnight rates, the Wall Street Journal reported on Tuesday without citing sources. The article by Greg Ip, the Journal's Fed watcher who is known for sometimes reflecting the views of senior central bankers, said policymakers view this week's decision as a choice between a quarter-point cut to 4.5 percent and not moving at all. Investors have widely expected the Fed to cut rates at a two-day meeting ending on Wednesday, following a half-point slash in September, to limit the economic damage from the housing market's incessant slide.
Futures on the fed funds rate have shown a small chance of a half-point cut. Currency traders in Tokyo said the article helped nudge the dollar up slightly from near record lows against the euro <EUR=> and multi-decade lows against other major currencies.
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