(CNBC) — U.S. stocks steadied Wednesday, closing narrowly mixed after the Federal Reserve’s September meeting minutes affirmed previous expectations for a possible December rate hike.
“We remain where we were: a market still betting Chair Yellen wants a hike in December,” said Quincy Krosby, market strategist at Prudential Financial. “Mark your calendar for December 13 to 14 to see if Yellen sticks to the message she’s been telegraphing since Jackson Hole.”
Fed officials in favor of hiking interest rates worry that waiting too long could send the country into recession, the minutes showed.
