While you were sleeping: Minutes cement December hike

Wed, 12 Oct 2016

By Margreet Dietz Oct. 13 (BusinessDesk) - Wall Street rose, as did the US dollar, after minutes from the latest Federal Open Market Committee meeting underpinned bets the central bank will increase interest rates in December. “December was already priced in so this is just confirming,” Melda Mergen, senior vice president and director of US equities in Boston at Columbia Threadneedle Investments, told Bloomberg. “I think they will definitely go in that direction unless something big happens.” US stocks rose. In 2.24pm trading in New Yo...

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