US STOCKS-Wall St rises after Fed minutes on 'easy money' exit

miércoles 9 de julio de 2014 16:31 GYT

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By Angela Moon

NEW YORK, July 9 (Reuters) - U.S. stocks finished higher on Wednesday, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy.

The Fed indicated it will end its bond purchases in October and appeared near agreement on a plan to manage interest rates in the future, according to the minutes.

"The market, after digesting the Fed minutes, came to the conclusion that the bond-buying program ending in October is a sign of economic strength," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

"So while it was a bit more hawkish, the conclusion is the economy doesn't need any more crutches."   Continuación...