Wall Street

Stock Market Today – 8/18: Stocks Edge Higher As Markets Parse Fed Minutes, Trim Big Rate Bets

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The Street

By Martin Baccardax Wall Street seems to be adopting a dovish take to the most recement Fed minutes Thursday, trimming bets on big rate hikes and pushing stocks modestly higher in pre-market trading. U.S. equity futures edged higher Thursday, while the dollar held onto gains against its global peers, as investors picked through details of the Federal Reserve’s last policy meeting that suggest a hawkish approach to rate hikes heading into the final months of the year. Minutes from the Fed’s July meeting indicated Chairman Jerome Powell and his colleagues will take a measured approached to their…

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