Boston Real Estate

Stocks rise as investors predict rate reduction

Stocks rise as investors predict rate reduction

Despite record high crude oil prices, the stock market advanced today as investors speculated interest rate cuts by the Federal Reserve on Wednesday. The Fed will begin its two-day meeting tomorrow and a rate cut is expected the following day. The move would follow a half-point reduction in September. The Fed may be looking to boost a stagnant economy, but a cut may lure more buyers into the turbulent credit market.

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