BENGALURU, Oct 29 (Reuters)—The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7, according to all 111 economists in a Reuters poll. More than 90% of the economists predicted another quarter-percentage-point move in December. Since the U.S. central bank kicked off its long-awaited easing cycle last month with a half-percentage-point reduction in the federal funds rate to a 4.75-5.00% range, news on the economy has been strong, including consumer spending and jobs data. The Fed's next policy meeting is scheduled to start just after the Nov. 5 U.S. presidential election . Opinion polls show a neck-and-neck race, but recent momentum has shifted toward Republican candidate Donald Trump. All 111 economists in the Oct. 23-29 Reuters poll predicted the Fed will switch back to a quarter-percentage-point reduction next week. More than 90% of them, a total of 103, expected the same-sized move in December, taking the fed funds rate to a 4.25%-4.50% range. &quo
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