Fed clues spark markets

By scott miller

On Dec. 16 of last year, the Federal Reserve raised its benchmark rate for the first time since 2006. Since then investors have been waiting for the next rate hike and trying to figure out what the end of the “easy money” era would mean for stocks. Now, finally, it appears likely that the Fed is going to pull the trigger over the next few months. Investors responded enthusiastically, sending the S&P 500 up 2.3 percent to its best week since the beginning of March, and the Nasdaq up 3.4 percent for its strongest weekly showing since February. The yield …

Source:: Vail Daily Feed