Wall Street closes higher after Fed minutes – Kraft Heinz stock gains 5%

Dusseldorf After the eagerly awaited minutes of the most recent Federal Reserve meeting, the US stock exchanges were able to largely make up for losses on Wednesday. The Dow Jones Industrial, which was down almost one percent before the Minutes were published, ended up down 0.16 percent at 34,934 points. The Fed minutes have not fueled the already high expectations in terms of interest rate increases on the markets, said a stockbroker.

The US Federal Reserve is obviously about to raise interest rates for the first time in the corona pandemic. It will soon be appropriate to raise the base rate, which is at zero, according to the minutes. The reason given is the high level of inflation, which is currently well above the Fed’s target of two percent. The central bank also cites future inflation risks and the robust labor market as reasons for rising interest rates.