NEW YORK (TheStreet) -- The Fed likes to debate, but interest rates will probably remain low for a long time. That was the immediate takeaway from the Federal Reserve minutes released at 2 p.m. today.
The major indices climbed sharply higher after the release. By 2:30 p.m., the S&P 500 (SPY) and Dow
Vroom vroom Yellen power #FOMC $FED-- Becky Hiu (@BeckyHiu) Apr. 9 at 02:05 PM
Some investors are starting to think of Fed Chair Yellen as a dove with major muscle, capable of fighting off the biggest hawks on the FOMC. Judging from Yellen's other speeches, cashtaggers said she seems determined that benchmark interest rates remain low until economic growth strengthens. And they noted that there was no talk of benchmark interest rates rising in the second half of next year.
Several $Fed official said forecasts overstated rate rise pace $$-- StreetInsider (@Street_Insider) Apr. 9 at 02:00 PM