Fed Minutes Lead to Lowered Stocks

Fed Minutes Lead to Lowered Stocks (Bloomberg)

U.S. stocks today fell after minutes from the Federal Reserve revealed Fed officials remain worried about risks to the country’s financial stability. “I suspect from the minutes that there might be a bias towards pulling back stimulus sooner rather than later,” Brad McMillan, chief investment officer for Waltham, Massachusetts-based Commonwealth Financial Network, said. “there seems to be a fairly wide consensus that stimulus should be gradually taken out.”