US Stocks slightly lower after Fed minutes

Highly anticipated FOMC minutes release turned out to be a non-event as it did not provided any direct mentions of tapering except this statement: "A number of participants suggested that if the economy continued to make rapid progress toward the Committee's goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases". Some participants also commented on the risks of inflation pressures building up to unwelcome levels before they become sufficiently evident to induce a policy reaction. The taper mention is the big thing but 'some participants' only say that it 'might be appropriate' if there was 'rapid progress' towards the Fed's goals.

US2000 saw little reaction to the FOMC Minutes. Index is testing local support at 2170.5 pts. Source: xStation5

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