October 29, 2007 Elad Bushari

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.

Elad Bushari

Elad Bushari is the Broker / Owner of Bushari Group Real Estate and a National "30 Under 30" Honoree by REALTOR Magazine in 2009.

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