Markets jumbled by Fed’s inaction

Markets jumbled by Fed’s inaction
Local News

By scott miller

Until the Federal Reserve actually pulls the trigger and raises its benchmark rate for the first time since June 2006, stocks, bonds and investors will likely twist and turn on the latest economic reports and pronouncements from Fed committee members.Last week, the Dow fell all five days as investors started coming to terms with the fact that the Fed is more likely to raise its rate in September, especially in the wake of yet another solid jobs report. The S&P 500 and Nasdaq were likewise down for the week, and the yield on the 10-year Treasury, similarly sensitive to the …

Source:: Vail Daily Feed