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Home / Business / Stocks end up a choppy increase higher after Fed meeting minutes

Stocks end up a choppy increase higher after Fed meeting minutes



US Stocks ended up in green when investors digested minutes and outlined the deliberations of the Federal Open Market Committee's last meeting.

<p class = "canvas-atom texttext Mb (1.0em) Mb (0) – sm Mt em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) crossed up 0.1

8%, or 4.94 points, relative to the market Dow (19459006) DJI increased 0.24%, or 63.12 points, while Nasdaq ( [IXIC) edge up 0.03% or 2.3 points. "Data-response time =" 16 "> S & P 500 (^ GSPC) crossed up 0.18%, or 4.94 points, from the market. The material sector, which was better than gold, achieved its highest price of 10 months. Dow (^ DJI) rose 0.24%, or 63.12 points, while the Nasdaq (^ IXIC) edge raised 0.03%, or 2.3 points.

FOMC released minutes from the January meeting at 14.00. ET Wednesday. The S&P 500 and Dow each climbed to the height of the minutes after the Fed's release, with the Dow card jumping nearly 100 points before the big indices dipped into the red, and then reconstructed.

Helping the fuel increase in stocks was detail pointing to central banks' commitment to flexibility in the balance sheet normalization process. This has been a key focus among investors that the Fed has continued to allow up to $ 50 billion of bonds and other assets to roll off the balance sheet without reinvestment, which has caused some concern about financial market liquidity and uncertainty about whether the Fed will be willing to adjust their policies if market conditions deteriorate.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The delays & nbsp; reflected in minutes but to a large extent indicates fear of stiffness. " data-response time = "19"> The sentiments reflected in minutes, but to a large extent indicate fear of stiffness.

"Participants observed that although the federal fund price target area was the committee's primary means of adjusting the attitude of policy, the balance normalization process should continue in a way that supports the achievement of the Federal Reserve's dual mandate maximum employment and stable target prices, "read the minutes. "In line with this principle, participants agreed that it was important to be flexible in managing the balance of the balances and that it would be appropriate to adjust the details of balance normalization plans in the light of economic and financial developments, if necessary to achieve the Committee's macroeconomic objectives. . "

<p class =" canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" "Almost all participants" supported announce an end on the balance normalization process this year, the protocol continued. Officials had originally believed & nbsp; that the balance expiry could last as long as 2023. " data-response time = "21"> "Almost all participants" supported announce an end to the balance normalization process this year, the protocol continued. Officials had initially believed that the balance could last as long as 2023.

The protocol also discussed that participants had pointed to "a number of considerations that supported a patient approach to monetary policy" given the current "risk and uncertainty of prospects." at the Fed's campaign with data-dependent policies, while highlighting some of the concerns central bankers carry for the economy. The Fed's "patient" position was accordingly informed by a weakening of the growth of the world economy and tighter economic conditions.

<p class = "canvas-text-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Many market participants characterized the Fed official's January decision and related statements pointing to flexibility in the balance settlement process as a "pivot" from an earlier hawkish attitude, while others argued that Fed officials have been open to changing their policy path for some time based on data, with Investigators who misrepresent the last decision as a reversal rather than the product of officials' recent assessment of ongoing economic conditions Data addiction topics were telegraphed even in September following Fed's third-stage increase in 2018, when Fed Mayor Jerome Powell said officials & nbsp; was "closely monitoring incoming data from the financial market etched and from the economy" when making decisions. " data-response time = "23"> Many market participants characterized the Fed official's January decision and related statements pointing to flexibility in the balance settlement process as a "pivot" from a previous hawkish attitude. However, others argued that Fed officials have been open to changing their policy path for some time based on data, with investors who misrepresent the last decision as a reversal rather than the product of officials' recent assessment of ongoing economic conditions. Data addiction topics were telegraphed even in September after Fed's third rate rise in 2018, when Fed Mayor Jerome Powell said officials were "closely monitoring incoming financial market data and the economy" when making decisions.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the weeks leading to the release of the protocols, officials have emphasized their patient approach to future political decisions, and repeated their commitment to use data to make decisions. The Federal Bank of Cleveland President Loretta Mester, Tuesday said officials would consider medium-term forecasts "before further adjustments were made to the key policy rate. Similarly, New York's Fed President John Williams said in an interview with Reuters that he did not believe that interest rates should be raised again unless new economic growth signals or inflation data warrant such a move. "data-reactid =" 24 "> For weeks leading up to the release of the protocols, Federal Reserve officials have emphasized their patient approach to future political decisions, and repeated their commitment to using data to make decisions. Master said on Tuesday that officials would consider medium-term forecasts "before making further adjustments to the key policy rate. Similarly, New Williams president John Williams said in an interview with Reuters that he did not believe that interest rates should be raised again unless new economic growth signals or inflation data justify such a move.

Traders in New York Stock Exchange Listens as Federal Reserve Chair Jerome Powell is seen on a video screen giving a news conference from Washington after the Fed announced an interest rate increase, Wednesday, December 19, 2018. (AP Photo / Mark Lennihan)