Hope for smaller rate rise to lift Wall St

By Huw Jones and Sujata Rao
Updated August 11 2022 - 10:08pm, first published 10:03pm
The prospect of less aggressive tightening in borrowing costs sent the US dollar lower. (AP PHOTO)
The prospect of less aggressive tightening in borrowing costs sent the US dollar lower. (AP PHOTO)

Wall Street has headed for another day of gains as investors bank on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.

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