The
Standard & Poor™s 500 Index erased a loss as speculation that the
Federal Reserve will keep rates lower for longer overshadowed a drop in
energy shares.
The
S&P 500 slipped less than 1 point to 2,099.65 at 4 p.m. in New
York, after losing as much as 0.4 percent. Energy companies in the
benchmark index fell 1.5 percent as crude oil declined 2.6 percent from a
seven-week high.
Equities
pared losses as minutes from the Fed™s latest meeting showed some
policy makers argued for keeping rates low for longer amid risks facing
the economy.
The
FOMC said after its last meeting it œcan be patient as it considers
when to raise the benchmark interest rate, even as it described the
labor market as œstrong. A report the following week showed payrolls
rose more than forecast in January to cap the strongest three-month gain
in 17 years.
Source: Bloomberg
0 komentar :
Post a Comment