Interest rate cut due today

Tuesday, March 20, 2001 | 11:05 a.m.

WASHINGTON -- The Federal Reserve today was poised to cut interest rates for a third time this year in an effort to keep the record U.S. economic expansion from ending, economists say.

An announcement was scheduled after the Las Vegas Sun's deadline this morning. However, details of the expected rate cut will be available this afternoon on the Sun Internet website lasvegassun.com.

Experts were divided over how big the rate reduction will be: either a three-quarter point cut, something Wall Street investors are hoping for, or another half-point cut.

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