Stocks higher as Fed divided on rate hike timing

April 8, 2015 6:43 PM

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Stocks higher as Fed divided on rate hike timing

Stocks fell then quickly recovered after the release of minutes from the Federal Reserve's meeting in March showed policymakers were divided on the timing of the first interest rate hike.

The minutes of the Fed's March 17-18 meeting showed a divergence of opinion as several policymakers said last month the central bank is likely to raise its benchmark interest rate in June but "others" said the move will probably occur "later in the year," according to minutes of the Fed's March 17-1...

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