NEW YORK: US stocks slid on Wednesday in a late sell-off after minutes of the US Federal Reserve's latest policy-setting meeting indicated that the central bank will keep trimming its bond-buying stimulus unless there is a significant economic surprise.
Minutes from the January meeting of the Federal Reserve's policy-setting committee showed that several policymakers wanted to hone in on the idea that their asset-purchase program would be trimmed in predictable, US$10bil steps unless there is a big economic surprise this year.