Wall Street edges up, Treasury yields consolidate in advance of Fed minutes

By Stephen Culp NEW YORK (Reuters) – U.S. stocks were modestly higher, while Treasury yields pressed “pause” on Wednesday in anticipation of the afternoon release of the Federal Reserve’s minutes, which investors will dissect for clues regarding the central bank’s economic outlook. All three major U.S. stock indexes were in positive territory, with economically sensitive small caps and transports lagging. “The market is on hold until we get some indication from the Fed,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “I think they’ll repeat what they’ve …

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HEDGE accordingly