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Wall Street moves lower after release of Fed minutes

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - U.S. stocks added to losses on Wednesday after the release of minutes from the Federal Open Market Committee showed some concern that rising inflation might require a faster pace of interest rate hikes than anticipated.Members of the Federal Reserve voted unanimously to raise borrowing costs by a quarter percentage point and expressed confidence that the economy would strengthen and inflation would rise in coming months.After the FOMC minutes were released, all three major Wall Street indexes moved lower, indicating investor concerns about rising interest ...

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First Published: Thu, April 12 2018. 01:19 IST