US markets closed higher after Fed minutes

18 Aug 2016 Evaluate

The US markets closed higher on Wednesday, paring earlier losses as minutes from the Federal Reserve’s July meeting showed policy makers remained divided on prospects for a near-term rate increase. Federal Reserve officials at their July meeting were relieved that their concerns over Brexit and the job market eased but were divided over whether that meant they should quickly hike interest rates again. Two Fed officials pushed for a rate hike at the meeting, but more officials judged it was a good idea to wait for additional information. Fed officials voted 9 to 1 to hold rates steady at the meeting. The minutes did not elaborate on the timing of any move. Fed officials said they would be open and flexible about when to take another step. The minutes showed that while the near-term downside risks were lower, Fed officials still seemed worried about developments abroad, in particular the economic outlook for China and the poor health of European banks. Doves who want the Fed to go slow said they wanted to have confidence that the economy could handle another rate hike. Hawks stated that low unemployment rate justified a rate hike in the near future. They also cited the potential for asset bubbles to develop from keeping rates so low. Fed officials in recent days have stressed that a rate hike could come at any of the three remaining meetings this year - in September, November or December.

Meanwhile, St. Louis Federal Reserve president James Bullard is sticking with his view that a single move is all that is needed for a long time to come, and it does not have to happen anytime soon. Bullard added that he did not put much weight on whether the central bank acts in September or even at all this year, given that he now thinks a single hike is all that is needed to maintain unemployment and inflation rates near the Fed’s target levels.

The Dow Jones Industrial Average added 21.92 points or 0.12 percent to 18,573.94, Nasdaq was up 1.55 points or 0.03 percent to 5,228.66, while S&P 500 gained 4.07 points or 0.19 percent to 2,182.22.

The Indian ADRs closed mostly in red; Wipro was down 0.19%, HDFC Bank was down 0.07%, Tata Motors was down 0.04% and Infosys was down 0.03%. On the other hand, Dr. Reddy’s Lab was up 0.62%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.