Traders said the Fed 2:00 EST (GMT 3:00) released December 14 meeting on interest rates were not significant in the unexpected place, the market and feeling a little relaxed.
The Fed in the minutes that the U.S. economy is slightly stronger rise in bond yields led to one of the reasons, but the decline in bond yields will affect the Federal Reserve to maintain low interest rates through the recovery efforts. In November 2010 the Federal Reserve announced a 600 billion U.S. dollars to buy Treasury plan, the so-called "second round of the quantitative easing policy", referred to as the "QE2". Fed officials said that despite the U.S. economic situation improved, but Fed officials "generally agreed that changes in economic prospects for the purchase of government bonds is not enough to make any adjustments made to the Scheme."
Investment institutions Evercore Wealth Management portfolio manager Bill - Vaughn (Bill Vaughn), said the slow recovery of the Federal Reserve agreed with the views of the economic situation for many market strategists are pleased, but the Federal Reserve sees no need for major adjustments in the quantitative easing policy stance and also let them more easily. Vaughan said that if the Fed suddenly change course, investors are certainly worried.
Minutes after the Fed announcement, U.S. Treasury prices mixed, with 2-year bond yields fell, the 10-year bond yields rose to 3.34%.
U.S. dollar against the euro and the yen higher. U.S. dollar index rose 0.4%. Crude oil futures prices fell below $ 90 a barrel, gold futures fell.
S & P 500 index among the materials sector fell sharply after the two major builders UBS rating on the stock from "buy" to "neutral", and pointed out that the two stocks in the fourth quarter of last year, has been rising prospects, and Government road construction has become uncertain demand outlook. Affected, Vulcan Materials fell 5.3%, Martin Marietta Materials fell 6.4%.