U.S. stocks rose, Treasuries erased losses and the dollar fell after minutes from the Federal Reserve’s last meeting indicated officials considered gradual rate hikes warranted amid debate on the economic impact from a rising dollar and Donald Trump’s policies.
The S&P 500 Index rose a second day as investors heard a more dovish tone from policy makers in the minutes than after the Fed raised rates Dec. 14. Treasuries were little changed at 2.44 percent, three basis points lower than the day before the hike. The Bloomberg Dollar Index fell 0.4 percent as its rally to a 14-year high faltered. Crude and copper led gains in commodities.
