Wall Street rallies, oil up as markets reassess Fed action

September 12, 2016 6:16 PM

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NEW YORK U.S stock prices rose on Monday after Federal Reserve policymakers expressed caution about the need to raise U.S. interest rates, sharply cutting into losses in European equities, but Asia finished lower, tracking Wall Street's large decline on Friday.

The U.S. dollar fell as the Fed was seen less likely to raise rates next week.

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