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Fed seen likely to cut again this week and Oct
Private economists expect a seventh rate cut at the end of the Fed meeting Tuesday and an eighth at the October 2 gathering. Analysts say another quarter-point move is virtually certain, with a chance of a half-point surprise to lift markets. Fed Chair Greenspan and colleagues warn the slowdown is not yet over.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
David Jones
Aubrey G. Lanston & Co
New York
Wall Street
Alan Greenspan
David Wyss
Standard & Poor’s Co