Fed Minutes: Policymakers Still Back Gradual Hikes; S&P 500, Dow Jones Add To Gains

Federal Reserve policymakers see "substantial underlying economic momentum," but continued to back gradual interest rate hikes, according to newly released minutes from the Federal Open Market Committee policy meeting on Jan. 30-31. That eased fears that the Fed might be more aggressive in 2018.

X The S&P 500 index, Dow Jones industrial average and Nasdaq composite added modestly to solid gains following the Fed minutes release. After the release, the Nasdaq was up 1.3% while the Dow Jones...

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