Investors Await Fed Rate Move; Markets Mixed Despite Healthy Consumer Spending

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NEW YORK -- Stocks finished a lackluster session narrowly mixed Monday as investors made few moves ahead of the Federal Reserve's decision on interest rates. Record earnings from Exxon Mobil Corp. and evidence of strong consumer spending gave the market little momentum.

Investors welcomed the Commerce Department's latest report on consumer spending, which rose 0.9 percent in December. Though personal incomes rose just 0.4 percent, the strong consumer spending bespoke of continued confidence in the economy despite high energy prices.

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Investors Await Fed Rate Move; Markets Mixed Despite Healthy Consumer Spending

Yet the report also showed prices remaining in check -- good news for investors concerned about inflation. Despite that, many ...

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