Wall Street advances on data as Fed statement looms

Traders work on the main trading floor of the New York Stock Exchange shortly after the opening bell in New York in this file photoBy Alison Griswold NEW YORK (Reuters) – U.S. stocks rose on Wednesday after stronger-than-expected data on jobs and the economy, but investors remained focused on a Federal Reserve statement that could spell out the U.S. central bank's stimulus plans for the coming months. The statement from the Fed, due at 2 p.m. (1800 GMT) at the end of a two-day meeting, will be scrutinized for clues on when the central bank may begin to pare its $ 85 billion a month in stimulative bond purchases as the recovery takes hold. …

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