While you were sleeping: Wall St inches higher

Mon, 19 Sep 2016

By Margreet Dietz Sept. 20 (BusinessDesk) - Wall Street moved higher, while the US dollar slid, as investors await the outcome of the Federal Reserve policy meeting on Wednesday to gauge the timing of the next interest rate increase. While few expect Federal Open Market Committee to announce a rate hike this week, most bet they will do so later this calendar year. “Fears about the Fed increase and then dissipate, and all you can do is try to follow that news flow,” lan Higgins, chief investment officer at Coutts & Co in London, told B...

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