Will the Fed raise rates this year?

By scott miller

Once again, stock indexes edged to new highs last week. There was no real impetus for the ascent, especially with mixed news about the housing sector and an impasse in the negotiations between Greece and its creditors. In addition, Federal Reserve’s Chairwoman Janet Yellen said she expected the Fed to raise its benchmark rate before year’s end. At mid-week, the release of the minutes of the Fed’s meeting of April 28 and 29 indicated that the slowing economy had pushed the timetable for raising the benchmark rate back from June. Yet the Fed was expected to act as soon as …

Source:: Vail Daily Feed