While you were sleeping: Wall St inches higher

Mon, 23 May 2016

By Margreet Dietz May 24 (BusinessDesk) - Wall Street traded higher, though both the Dow and the Nasdaq gave up some of their earlier gains, as investors tried to gauge the odds of a US interest rate increase next month. Two Fed officials, St. Louis Fed President James Bullard, and San Francisco Fed boss John Williams, underpinned recent signals by the central bank that a rate hike might happen sooner then later. "I do worry that keeping rates too low for too long could feed into future financial instability even if it doesn't look lik...

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