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US stocks rise as focus turns to Fed's decision
Economies.com
2019-12-11 15:06 UTC
US stocks opened on Wednesday higher, as markets' focus shifted to the upcoming Federal Reserve's monetary policy decision.
White House chief economic adviser, Larry Kudlow, said that the tariffs hike against China is still "on the table" even before the middle of December.
The US Fed will unveil its interest rate decision, with most forecasts for the bank to hold the rates unchanged , and will be followed by Fed Chair Jerome Powell's press conference.
US data revealed today that CPI rose by 0.3% in November, higher than forecasts of 0.2%.
As for trading, Dow Jones rose by 0.1% or 16 points to 27,897 as of 15:03 GMT, Nasdaq rose by 0.4% or 34 points to 8,650, and S&P 500 rose by 0.2% or 6 points to 3,139.
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