Job Growth Won't Stop Cut

Recession calls may be folding, but rate cuts remain in the game.

Wednesday's economic data threw into question some market participants' gripping fear that the U.S. economy is headed for a recession. But it didn't throw traders off the trail of a fed funds rate cut come Dec. 11, when the Federal Open Market Committee meets.

The combination helped edge stocks higher, despite more angst in the credit markets, including a ratings agency warning that bond insurer MBIA(MBI Quote) may be more likely to face a capital shortfall. ...