Opening Statement from the July 2017 Intelligent Investor

Opening Statement from the July 2017 Intelligent Investor

Originally published on July 6, 2017 

As expected, the Federal Reserve voted to raise the Fed Funds rate by 25 basis points on June 14. This was only the fourth time in a decade interest rates were raised after residing at record lows during that period. The latest rate hike by the Fed brings the Federal Funds rate to 1.25%...