(CNBC) — U.S. stocks mostly advanced on Wednesday, lifting the S&P 500 to within reach of a record, after minutes from the Federal Reserve's last meeting showed some Fed officials want a "relatively prompt" rate hike based on the economy's progress.
"What has accelerated more than anything is the debate. With (Fed Chair Janet) Yellen in particular, and the Fed in general, the general bias is leaving in place stimulus for as long as they can," said Bruce McCain, chief investment strategist, Key Private Bank
"The minutes could sound somewhat hawkish, as there is a lot to be optimistic about," said Anastasia Amoroso, Global Market Strategist at J.P. Morgan Funds, speaking before the Federal Open Market Committee release of minutes from its July 29-30 meeting, at which the central bank reduced its monthly bond buys by another $10 billion, with the purchases expected on end in October.
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