It is widely speculated the Federal Reserve bank will cut rates this week after a half point reduction in September which swnd stocks soaring. A quarter point reduction is expected, but with inflation still a threat, and oil prices at record highs, and the dollar slipping to all the major currencies no one can say for sure what will happen. The Wall Street Journal reporter Greg Ip is not optimistic that the rates will be reduced. Ip said, said policymakers view this week's decision as a choice between a quarter-point cut to 4.5 percent and not moving at all.
for more on Ip's article, visit the Wall Street Journal at Http://www.wsj.com
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