Stocks eased off their session lows to close mixed Wednesday after the Federal Reserve left the door open for another round of monetary stimulus "fairly soon."
The latest minutes from the FOMC minutes showed "many" members said additional accommodation is likely warranted unless the economy improves substantially.
"They used the word 'many'—it sounds like they're very close to doing QE3,” said Chris Rupkey, chief financial economist at the Bank of Tokyo Mitsubishi. “I think it’s being driven by the Chairman. The unemployment rate at 8.3 percent is upsetting to them."