While you were sleeping: Wall St ticks higher

Wed, 24 May 2017

By Margreet Dietz May 25 (BusinessDesk) - Wall Street moved higher as investors eyed minutes from the latest Federal Reserve meeting, slated for release on Wednesday afternoon, for fresh clues on the outlook for interest rate increases. "Our US economists expect the minutes to come down on the hawkish side and continue to expect the Fed to hike in June and September and announce balance sheet reduction in December," Citi analysts wrote on Wednesday, Reuters reported. In 11.34am trading in New York, the Dow Jones Industrial Average ros...

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