Fed's Minutes Drive Stocks to Rally; Interest Rates to Remain Low
U.S. stocks rebounded today after the Fed's minutes confirmed that interest rates were to remain low despite the improving job market. The Dow soared 274 points today, completely recovering from its massive loss yesterday to post its biggest gain of the year. The Fed's September minutes were released this afternoon and showed little change from previous statements regarding raising the interest rates. The Fed however, as expected, said that is is planning on ending its bond-buying program after this month.
Word on the Street
Published on Oct 8, 2014By InvestorGuide Staff