BusinessWall Street remains lower after release of Fed minutes
Noel RandewichEcho Wang
3 minute read
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo
Wall Street s main indexes remained lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central bank s goals, with some eyeing a future discussion of tapering its bond buying program.
The S&P 500 (.SPX) added to losses after the release revealed a number of Fed policymakers thought that if the economy continued rapid progress, it would become appropriate at some point in upcoming meetings to begin discussing a tapering of the Fed s monthly purchases of government bonds, a policy designed to keep long-term interest rates low.
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