Possibility of U.S. economy sliding back to a recession is small

[MikeLigalig.com]

Wall Street rose on Tuesday after minutes from the September meeting of the Federal Reserve showed the central bank was prepared to ease monetary policy.

Although the possibility of U.S. economy sliding back to a recession is small, the U.S. "output growth, and the associated progress in reducing the level of unemployment, could be slow for some time," the Fed said in the minutes released Tuesday.

The central bank said it was prepared to take further moves to jump-start the sagging U.S. economy if needed.

The Dow Jones average rose 10.06 points, or 0.09 percent, to 11, 020.40. The S&P 500 was up 4.45 points, or 0.38 percent, to 1,169. 77 and the Nasdaq composite rose 15.59 points, or 0.65 percent, to 2,417.92. (PNA/Xinhua)