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US stocks gain as Fed mulls faster rate hikes

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New York - Wall Street stocks won solid gains on Wednesday while European markets were little changed as Federal Reserve policymakers signalled they could hasten US interest rate increases.

US stocks, which had sagged during the late-December holiday period after a torrid post-election rally, scored their second straight gain in the New Year.

Stocks are rising on the "combination of improving fundamentals and the prospects of a pro-growth administration," said Art Hogan, chief market strategist at Wunderlich Securities.

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