Will the Fed finally raise rates?

By scott miller

Investors seemed to take in stride the Federal Reserve’s commitment to raising its benchmark rate this year, with all of the major indexes rising last week, although the Dow had a rough ride on Friday when Exxon Mobil and Chevron both posted their weakest quarterly earnings in more than a decade because of this year’s oil glut. The Fed’s determination to move ahead did impact bonds, with the yield on the 10-year Treasury tumbling on Friday on its way to posting its worst monthly performance since January.After a two-day meeting, the Fed indicated that it was still planning to act …

Source:: Vail Daily Feed