29-08-2016 19:10 via news.yahoo.com

Wall St gains as financials rally on Fed rate comments

Wall Street snapped a three-day losing streak on Monday as financial stocks rose after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened. Yellen, addressing a gathering of global central bankers on Friday, said the central bank was close to meeting its goals of maximum employment and stable prices, while describing consumer spending as "solid". Yellen gave little indication of when the Fed would move but Vice Chairman Stanley Fischer suggested that a mov
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