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Wall Street’s main indexes opened higher on Wednesday after comments from the Federal Reserve fueled hopes the central bank would stick to its accommodative monetary policy despite a sharp jump in inflation last month.

The Dow Jones Industrial Average rose 170.26 points, or 0.49 per cent, to 35,059.05. The S&P 500 rose 23.84 points, or 0.55 per cent, to 4,393.05, while the Nasdaq Composite rose 79.17 points, or 0.54 per cent, to 14,756.83.