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Stocks Fall Ahead of Fed Rates Decision
10/30/2007 08:51 ETNEW YORK (AP) - Wall Street pulled back in early trading Tuesday as investors grew more uneasy ahead of the Federal Reserve's decision on interest rates.
The market has been angling for a rate cut following the Fed's half-point reduction in September, and investors expect the central bank to deliver a quarter-point cut at the conclusion of its two-day meeting on Wednesday. But inflation remains a threat, with oil prices near record highs and the dollar in sharp decline, and there is no certainty the Fed will indeed lower rates.
The price of commodities from crude oil to corn has risen as the dollar has lost ground to other currencies, and that... Full Stocks Story
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