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ABC News
ABC News
Business
business reporter Samuel Yang and wires

ASX rises after gains on Wall Street as US Federal Reserve minutes suggest slower rate hikes ahead

Australian shares have risen, largely led by mining and gold sectors, with sentiment lifted by the US Federal Reserve's November meeting minutes indicating slower rate hikes are ahead. 

The minutes showed a "substantial majority" of officials favoured less aggressive rate hikes in the coming months to allow the economy to absorb the outsized increases in borrowing costs.

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