The Dow Jones industrial average was up 0.16%, the high-tech NASDAQ by 0.38% on the background of the publication of the minutes of the meeting of the Federal reserve system of the USA.
MOSCOW, 9 Oct. American stocks slipped on Friday insignificant strengthening on the background of the publication of the minutes of the meeting of the Federal reserve system (FRS) the USA, ucelevshiy investor expectations that the regulator will postpone a rate increase in the country, according to data exchanges.
As at 17.31 GMT industrial index Dow Jones has raised on 0,16% — to 17077,31 point, high-tech NASDAQ — on 0,38%, to 4829,26 points, the index of wide market S&P 500 — on 0,12%, to 2015,94 item.
According to the FOMC minutes, members of the open market Committee believe that the decision on the first since 2006 the rate increase is necessary so that the level of inflation in the country was close to the target mark of 2%. Another reason for the failure to raise rates at the September meeting was the uncertainty about the state of the global economy.
According to members of the Committee, the latest economic developments in the world and in the financial markets can in some way to restrain economic activity in the country due to the strengthening of the American currency. In addition, the negative effects of the economic slowdown in China and emerging markets can put pressure on the economy, said the fed.
According to the chief investment officer at Commonwealth Financial Network, brad McMillan (Brad McMillan), the minutes of the fed meeting are a symptom of an abundance of caution the members of the open market Committee of the American financial regulator.