Was Fed meeting prelude to rate hike?

By scott miller

The lead-up to and aftermath of last week’s Federal Reserve meeting, along with the zigzagging price of oil, sent stocks on yet another wild ride. Both finished on the upswing, and the NASDAQ climbed to a 15-year peak, just 23 points from breaking the all-time high that has long seemed unattainable. The Fed met last week and, as widely expected, it dropped the word “patient” from its post-meeting statement, which many analysts saw as the prelude to a rate hike as early as June. In her post-meeting press conference, Chairwoman Janet Yellen went out of her way to say that …

Source:: Vail Daily Feed