Fed to cut again

MARKET NEWS

WASHINGTON DC -- The Federal Reserve is expected to make another cut in US interest rates this week following a rash of weak economic data and confidence worries last week.

The Federal Open Market Committee meets tomorrow (November 6) in Washington DC, and most FX analysts are expecting another cut, of 25 or 50 basis points, with some even suggesting the Fed may shave 100bp off rates. US interest rates stand at 2.5% following nine interest rate cuts this year.

"Our official line is a 25-basis