US STOCKS-Wall St higher as Fed rate hike decision awaited
* Fed announcement expected at 2 p.m. ET (1900 GMT)
* Yellen speaks half an hour later
* Traders see a more than 80 pct chance of hike on Wednesday
* Indexes up: Dow 0.60 pct, S&P 0.56 pct, Nasdaq 0.40 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
Dec 16 (Reuters) - Wall Street rose for the third straight day on Wednesday as investors prepare for 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.
An increase in the Fed's benchmark rate from near zero would be the first since June 29, 2006. After more than a year of posturing and a couple of false starts, the U.S. central bank is seen raising rates by a token 25 basis points.
Traders see an 81.4 percent chance of a rate hike, according to the CME Group's FedWatch tool. Continuación...