While you were sleeping: Markets edge higher

Wed, 16 Dec 2015

By Margreet Dietz Dec. 17 (BusinessDesk) - Wall Street moved higher, though pared some of its earlier gains because oil slid, as investors anticipated a decision by US Federal Reserve policy makers to increase their target interest rate for the first time in nearly a decade. The Fed will announce its rate decision at 2pm Washington time, while Chair Janet Yellen will speak at a at a news conference at 2.30pm. “Far and away, the most important takeaway from the Fed meeting is their expectations of the velocity of the rate rise," Philip...

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