FOMC minutes from the Aug. 9 meeting show a split concerning the best tools for easing monetary policy. A few members felt that economic developments justified a more substantial move, but they were willing to accept the stronger forward guidance on the federal funds rate as a step in the direction of additional accommodation.
The markets sold off initially on the release, but are now resuming their uptrend...
Dow +19
Nas +11
S&P +1
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