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IPFS News Link • Economy - Economics USA

U.S. Stocks Advance to One-Month High as Fed Meets

•, By Rita Nazareth
 .S. stocks advanced, sending the Standard & Poor’s 500 Index to the highest level in more than a month, as the Federal Reserve begins a two-day meeting to decide whether more monetary stimulus is needed to boost the economy.

Bank of America Corp. (BAC) (BAC) jumped 5.4 percent as the Federal Housing Finance Agency plans to help banks avoid being forced to buy back mortgages as it becomes concerned lenders are tightening standards even for the most creditworthy home buyers.Oracle Corp. (ORCL) (ORCL), the largest maker of database software, andJefferies Group Inc. (JEF) (JEF), an investment bank, climbed at least 2.8 percent as earnings beat estimates. Microsoft Corp. (MSFT) (MSFT) rallied 3.2 percent after unveiling its own Windows-powered tablet computer.