Federal Reserve officials may be getting closer to tapering the central bank’s controversial bond-buying program, but minutes from the most recent meeting show some hesitation remains.
The upshot: While a pullback in historically easy monetary policy is ahead, for now it’s status quo until the economy shows more significant improvement.
The stock market saw a kneejerk selloff initially following the minutes but rebounded within a half hour to wipe out all of the day’s losses. Selling renewed into the close, with the averages heading toward a slightly negative but highly volatile day.
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