The Dow slipped and the S&P 500 edged up less than a point on Wednesday, interrupting a four-day rally, with investors trying to gauge when the Federal Reserve may scale back on its economic stimulus.
Minutes from the Federal Reserve’s June policy meeting released on Wednesday afternoon showed many officials wanted more reassurance that the labor market was improving before reining in stimulus measures. Even so, consensus built within the Fed that there probably was the need to begin pulling back soon on its monthly bond buying.
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