Fed rate cut expected

(01:10) Report

Oct. 29 - Wall Street awaited the Federal Reserve's latest attempt to ease the pain of the world's worst financial turmoil in 80 years.

As policymakers met in Washington, companies that make everyday products, such as Procter & Gamble, Kraft Foods, and Kellogg's posted rising sales thanks to higher prices. Oil prices traded higher early Wednesday supported by weaker-than-expected supply data in the U.S. Conway Gittens reports from New York.

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