Dow Jones ends higher despite doubts on Fed's policies

Economies.com
2019-02-20 21:49PM UTC

Wall Street rose today after steadying at the open, with support from the energy and healthcare sectors and despite doubts on the Fed's future policies. 

 

The Federal Reserve's minutes for the January meeting reveal that policymakers are ready to hike rates if the economy performed as expected. 

 

However, the economic picture remains unclear, however, some members still believe in a hike if inflation rose above 2%. 

 

Most members believed the Fed should hold off selling bonds and mortgage-backed securities later this year. 

 

The Fed voted last month to hold rates steady but pointed to a cautious stance on their increases in 2019. 

 

On the energy sector, US West Texas rose 1.5% to $56.92 a barrel, while Brent rose 1% to $67.08 a barrel. 

 

Dow Jones rose 0.2% to 25,954, with an intraday high at 25,986, and a low at 25,846. 

 

Nasdaq rose just two points to 7,489, with a session-high at 7,513, with a low at 7,455. 

 

Standard and Poor's 500 added 0.2% to 2,784, with a session-high at 2,790, and a low at 2,774. 

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