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Wall Street set to open higher ahead of Yellen's testimony


By Sweta Singh(Reuters) - Wall Street looked set to open higher on Wednesday ahead of Federal Reserve Chair Janet Yellen's semi-annual monetary policy testimony before Congress.The Fed Chair is expected to tell the House Financial Services Committee at 1000 ET that the central bank remains on a hawkish course of steadily rising rates. Investors will be closely watching the testimony for any signals on how the bank is viewing a retreat in inflation and muted wage growth.The U.S. central bank will also issue its Beige Book at 2 p.m. ET (1800 GMT), a compendium of anecdotes on the health of the ...

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First Published: Wed, July 12 2017. 17:56 IST