* Oil and dollar slide after posting earlier gains

* Fed minutes suggest tapering could come this year

By Pete Schroeder

WASHINGTON, Aug 18 (Reuters) – Wall Street was mired in moderate losses on Wednesday after Federal Reserve meeting minutes suggested it was possible the central bank could begin tapering purchases this year, while oil struggled to hold onto earlier gains and the dollar rose.

Shortly after the release of the Fed minutes, Wall Street’s three major indices rose but quickly erased those gains, returning to lower levels seen in earlier trading in the day.

The Dow Jones Industrial Average fell 0.18%, the S&P 500 lost 0.11% and the Nasdaq Composite was up 0.18%.

The MSCI world equity index, which tracks shares in 45 nations, was up 0.05%.

Minutes of the Fed’s July 27-28 policy meeting showed officials were split over how much longer to stick with monetary stimulus, with some believing the Fed could boost the jobs market further…

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