Hand handle a rise in interest rates. The minutes from the Central Banks last meeting in october provided the clearest evidence yet that most but not all policymakers think the time is right for a rate hike and that a delay could increase market uncertainty. That helped stocks extend their gains. The Dow Jones Industrial average rose 247 to 17,737. Nasdaq jumped even more in percentage terms, gaining 89 points, and the s p 500 added 33. Steve liesman has more now on the thinking inside the central bank. Minutes of the feds october meeting make explicit what the statement had already said, that the fed is fast on its way to its first rate hike in nine years at the upcoming december meeting. The october minutes say that most fed members thought Economic Conditions would be met in december to hike interest rates, and they made clear that the october statement was designed to send a message that will be appropriate to hike at the next meeting. To be sure the meeting took place before the h
Hand handle a rise in interest rates. The minutes from the Central Banks last meeting in october provided the clearest evidence yet that most but not all policymakers think the time is right for a rate hike and that a delay could increase market uncertainty. That helped stocks extend their gains. The Dow Jones Industrial average rose 247 to 17,737. Nasdaq jumped even more in percentage terms, gaining 89 points, and the s p 500 added 33. Steve liesman has more now on the thinking inside the central bank. Minutes of the feds october meeting make explicit what the statement had already said, that the fed is fast on its way to its first rate hike in nine years at the upcoming december meeting. The october minutes say that most fed members thought Economic Conditions would be met in december to hike interest rates, and they made clear that the october statement was designed to send a message that will be appropriate to hike at the next meeting. To be sure the meeting took place before the h