For the first time this year, the Federal Reserve raised interest rates, a widely expected move following strengthening economic reports and signals from Fed officials. After its two-day policy meeting, the Federal Open Market Committee voted to raise the range of the federal funds rate to 0.75% and 1.00%, citing progress in labor market growth, business fixed investment and inflation. “In view of realized and expected labor market conditions and inflation, the Committee decided to raise…the fed funds rate,” the central bank wrote in its statement.
Alan Valdes, director of floor operations for Silverbear, joins Alexis Christoforous from the New York Stock Exchange to discuss the current bullishness in stocks.
Yahoo Finance's Alexis Christoforous is joined by Keith Bliss of Cuttone and Company, from the New York Stock Exchange to discuss market expectations for the Federal Reserve's release of the minutes from the last FOMC meeting.