US STOCKS-Wall St rises ahead of Fed rate-hike decision

miércoles 16 de diciembre de 2015 13:52 GYT
 

* 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 0.18 pct, S&P 0.36 pct, Nasdaq 0.30 pct (Adds link to graphic, updates prices)

By Tanya Agrawal

Dec 16 (Reuters) - Wall Street rose for the third straight day on Wednesday ahead of a widely anticipated interest rate hike by the Federal Reserve later in the day.

An increase in the Fed's benchmark rate from near zero would be the first since June 29, 2006. Traders see an 81.4 percent chance of a rate hike, according to the CME Group's FedWatch tool.

The U.S. central bank is seen raising rates by a token 25 basis points, when it announces 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.

The Fed is expected to move gradually on subsequent rate hikes after the initial liftoff, according to a Reuters poll. That will help soothe jittery markets, which have been roiled recently by a rout in crude oil prices and a fall in the Chinese yuan.   Continuación...