Fed Minutes Cast Doubt on April Interest Rate Hike
They’re probably staying put. Notes from last month’s meeting of the Federal Reserve signal a house divided over when to tighten U.S. monetary policy, with those urging caution apparently outnumbering those who’d prefer a rate boost this month. Chair Janet Yellen and many of her colleagues — notably not all — have been making a case for a more gradual normalization of rates, citing concern over downturns in global markets. News that an April hike is unlikely helped lift stocks, and the Dow Jones closed up 112.73 points.