The Fed raised interest rates again as expected and as I mentioned in previous notes, they indicated a pause in further rate hikes pending economic and inflation data reported in the month of July. As expected, the equity markets here and abroad rallied strongly. In addition an important inflation indicator continues to show “core” (prices excluding food and energy) inflation within FED tolerance of  2.5% year over year increase.  In the near term, stocks will revert back to movement based on the economic news du jour ... Log in to view full article.