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Federal reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet ....
Federal reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet ....