Wall Street gains as September rate hike jitters ease

September 12, 2016 4:23 PM

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Wall Street gains as September rate hike jitters ease

U.S. stocks rose on Monday after two Federal Reserve officials struck a less hawkish tone on interest rate hikes, quelling some investor fears about a move as early as next week.

Atlanta Fed Bank President Dennis Lockhart said current economic conditions warranted a "serious discussion" on whether to raise rates at the Fed meeting on Sept. 20-21, but later said there was no "urgency" to act at any particular meeting.

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