Wall Street stocks closed higher on Wednesday after minutes from the Federal Reserve’s latest policy meeting suggested the US central bank could ease up on its push to lift interest rates.
The S&P 500 index ended the session up 0.6 per cent, while the technology-heavy Nasdaq Composite gained 1 per cent after finishing the previous day 1.4 per cent higher.
Those moves came as minutes of the US central bank’s early November meeting showed a “substantial majority” of officials supported slowing down the pace of interest rate rises soon — even as some warned that monetary policy would need to be tightened more than expected next year.
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