Wall Street Rises as Consumer Stocks Gain; Fed Minutes Eyed<br />Adam Sarhan said that The market is breathing a sigh of relief with the nuclear tensions<br />having eased considerably and following a strong quarterly earnings season,<br />(Reuters) - The S&P and the Dow rose higher in late morning trading on Wednesday on gains from consumer<br />discretionary stocks, with investors awaiting the minutes on the latest Federal Reserve meeting.<br />However, recent hawkish comments by New York Fed chief William Dudley advocating for another rate hike this year<br />and strong retail sales data on Tuesday have upped the odds.<br />Policymakers unanimously decided to keep interest rates unchanged in the July 25-26 meeting<br />and said they planned to reduce the central bank’s massive holdings of bonds "relatively soon".
