Updated at 11:17 a.m., Tuesday, September 11, 2007
Wall Street ends up as interest rate cuts anticipated
Associated Press
Stocks advanced sharply Tuesday as investors appeared more confident that the Federal Reserve will lower short-term interest rates. With its next meeting scheduled for a week from now, the central bank's chairman offered no insights into the Fed's plans. Investors are hoping a rate cut will help ease recent tightness in the availability of credit and stave off an economic slowdown.
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