Wall St. up as weak GDP spurs hope of slower rate hikes

By Abhiram Nandakumar(Reuters) – Wall Street was higher on Friday after weak GDP data raised expectations that the U.S. Federal Reserve would go slow on future interest rate hikes.
U.S. gross domestic product rose 0.7 percent in the fourth quarter, below the 0.8 percent expected, as a strong dollar and tepid global demand hurt exports.
Intervention by central banks has become key to supporting turbulent markets, roiling under slowing global economic growth. The Bank of Japan cut a key inte