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Wall Street set to open flat as Fed rate decision looms


By Yashaswini Swamynathan(Reuters) - U.S. stocks were on track to open little changed on Wednesday as investors braced for a near-certain interest rate hike by the Federal Reserve. Traders have placed a 91 percent chance of the central bank pulling the trigger on a second rate increase this year. The hike will push interest rates above 1 percent for the first time since the immediate aftermath of the collapse of Lehman Brothers in 2008.The Fed will release its decision at 2:00 p.m. ET (1600 GMT) followed by Fed Chair Janet Yellen's press conference. Investors will also be looking for any ...

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First Published: Wed, June 14 2017. 18:33 IST