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  1. NEW YORK WASHINGTON, Oct 29 (Reuters) - The Federal Reserve is widely expected to cut interest rates by at least a half-percentage point on Wednesday in an effort to prevent a credit crisis from tipping the United States into a deep and prolonged recession. The Federal Open Market Committee, the policy-setting arm of the U.S. central bank, is expected to announce its decision at around 2:15 p.m. ...
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