Wall Street looks for Federal rate cut

Thebullishtrends : US Stocks were mixed Friday afternoon as investors welcomed a mostly upbeat November'07 job report, but showed caution ahead of next week's Fed policy meeting. US unemployment rate is study at 4.7 percent instead of rising to 4.8 percent as expected. Stocks were struggled in early hours. The Fed's policy committee, meeting Tuesday, is widely expected to cut the fund rate at 25bps a key short term lending rate at 5.5 percent.