US stocks mixed as Fed minutes show policies will remain unchanged

Source: Business Insider

Summary List PlacementUS stocks closed lower Wednesday after Federal Reserve officials agreed to keep policies in place — sticking to near-zero interest rates and monthly bond purchases — during the last meeting of the Federal Open Market Committee meeting in March, even as the economy showed clear signs of a rebound. Officials, according to the minutes released Wednesday afternoon, indicated that policies will not change simply on forecasts alone. While most of the 18 officials saw developments, they wanted some time to be more convinced of progress, such as stronger employment.