Wall Street opens higher ahead of Fed rate decision

December 16, 2015 2:43 PM

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Wall Street opens higher ahead of Fed rate decision

Wall Street opened sharply higher on Wednesday ahead of a widely anticipated interest rate hike by the Federal Reserve later in the day.

The Fed will announce the outcome of its policy meeting at 2 p.m. ET (1900 GMT), followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET.

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