Rate inaction prompts market jitters

By scott miller

The latest moment of truth — when the Federal Reserve would again decide whether or not to raise its benchmark rate for the first time since 2006 — finally arrived Sept. 24, and investors were apparently concerned about the verdict.The Fed decided not to act, but after a brief rally on the news, stocks fell far enough over the next two days to finish down for the week despite a strong midweek rally. The bond market was also impacted, and the yield on the two-year Treasury had its largest one-day dip since December 2010. There’s long been anxiety about what …

Source:: Vail Daily Feed