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Fed rate cut a coin toss, futures imply

NEW YORK, Sept 17 (Reuters) - Federal funds futures implied late on Tuesday that traders see about a 51% chance that the U.S. Federal Reserve will lower key borrowing costs by 25 basis points after the policy-setting committee meets on Wednesday, according to the CME Group's FedWatch tool https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html.

The near-even odds for a cut or no move compare to futures pricing a 92% chance of a 25 bps cut just a week ago.

(Reporting by Rodrigo Campos)