The minutes indicated that many of the Fed's members want to see sustained improvement in the job market â¿¿ from a wide range of economic indicators â¿¿ before making any decision to reduce the pace of purchases.Stocks rose sharply after the minutes were released. The Standard & Poor's 500 index rose 16 points to 1,585 in midday trading â¿¿ above its all-time high of 1,576.09 set in October 2007. The Dow Jones industrial average climbed 119 points to 14,792.
Minutes: Fed Divided Over When To End Stimulus
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts