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Wall Street edges higher as Fed decision looms


By Sruthi Shankar(Reuters) - U.S. stocks inched higher on Wednesday, as investors awaited a widely expected interest rate hike by the Federal Reserve and its guidance on the monetary policy.Media stocks were under the spotlight after a court approved AT&T's $85 billion deal to buy Time Warner. Shares of the HBO channel owner rose 2.6 percent. However, AT&T dropped 5.4 percent, sending the S&P telecom services index down 3.75 percent to its biggest single-day fall in nearly four months.A rate hike of a quarter percentage point is priced in by the market participants, who will parse the ...

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First Published: Wed, June 13 2018. 21:26 IST