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Wall St. advances as Fed seen taking moderate approach to inflation

NEW YORK (Reuters) – U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes.

FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 18, 2016. REUTERS/Brendan McDermid/File Photo

The Dow Jones Industrial Average .DJI rose 52.4 points, or 0.21 percent, to 24,886.81, the S&P 500 .SPX gained 8.85 points, or 0.32 percent, to 2,733.29 and the Nasdaq Composite .IXIC added 47.50 points, or 0.64 percent, to 7,425.96.

Reporting by Caroline Valetkevitch; Editing by Chizu Nomiyama

http://feeds.reuters.com/~r/reuters/businessNews/~3/XYB8-mkXgyA/wall-st-advances-as-fed-seen-taking-moderate-approach-to-inflation-idUSKCN1IO1N5

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