On Wednesday, markets closed slightly higher after the minutes of Fed's meeting hinted that policymakers aren't worried about inflation briefly running above the target level and that it would not result in faster interest rate hikes. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Core capital goods orders increased 6.6% on a year-on-year basis, reflecting strong business spending by the U.S. entrepreneurs on equipment.