While you were sleeping: Wall Street climbs

Tue, 16 Sep 2014

By Margreet Dietz Sept. 17 (BusinessDesk) - Wall Street advanced as a report showed a gauge of US inflation was unchanged in August, which helped fuel expectations Federal Reserve policy makers might hold on to their plan to keep interest rates low for a “considerable time.” Fed policy makers began their two-day gathering on Tuesday. Fed Chair Janet Yellen, who will hold a press conference at the end of the meeting on Wednesday, is likely to raise interest rates only gradually between 2015 and 2017 as inflation remains muted, according to...

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