get daily headlines subscribe now! today's private briefing

Federal Reserve System

The Fed

Will the Fed Raise Interest Rates in December?

Those who have been asking "will the Fed raise interest rates in December?" received an update Wednesday from U.S. Federal Reserve Chairwoman Janet Yellen.

Speaking to the House Financial Services Committee, Yellen said the economy is "performing well," and that a December rate hike is a "live possibility."

Here's what you need to know....

Economic Data

These Charts Show Exactly How the Fed Killed the Housing Market

Don't believe any headlines that claim there's a housing "recovery" in the United States. The truth is, there is no single family housing industry to speak of today.

What for generations was a main driver of U.S. economic growth has been brought down by the past seven years of the Federal Reserve's zero-interest-rate policy (ZIRP). ZIRP has been a disaster for the U.S. economy, the middle class – just about every facet of American economic life has suffered from this fiscal disaster masquerading as coherent monetary policy.

Today I'm going to show you five charts that tell the story of exactly how much damage the Fed has done to U.S. housing. Most are derived from this week's release of new home sales data from the U.S. Census Bureau.

You'll see how the rise in home sales since 2011 has really been a four-year dead cat bounce that hasn't helped most Americans, hasn't meaningfully contributed to U.S. economic recovery - and now appears to be stalling...

The Fed

Will There Be a December Rate Hike?

After the U.S. Federal Reserve left interest rates unchanged Wednesday, investors are asking, "Will there be a December rate hike?"

The fact that the Fed did not raise interest rates at the October meeting was not a surprise. But the Fed's shift in attitude was unexpected. The U.S. central bank struck a hawkish tone on the economy, saying it "has been expanding at a moderate pace" despite slowing monthly job gains.

Here's what that means for a December rate hike...

the Fed

The Federal Reserve Lack of Transparency Problem

We have a Federal Reserve lack of transparency problem. In the Federal Open Market Committee's (FOMC) latest policy statement, the institution said the U.S. economy is expanding at a "moderate pace," as consumer spending and business capital investment have risen at "solid rates."

While this language sounds nice and promising, it doesn't exactly tell us much.

And these kinds of FOMC statements alone aren't the only problem contributing the Fed's lack of transparency - they are really part of a larger issue...

The Fed

When Will the Fed Raise Interest Rates?

With the FOMC meeting ending today, investors have been asking, "When will the Fed raise interest rates?"

It will be at least another two months before the central bank makes a move. U.S. central bankers have decided once again to leave interest at rock-bottom levels.

Surprising market participants was the Fed's hawkish tone suggesting a December liftoff is possible...

The Fed

Why This Week's FOMC Meeting Won't Result in a Rate Hike

Investors are awaiting this week's FOMC Meeting, yet the overwhelming consensus is that the Fed won't raise interest rates.

The U.S. Federal Reserve's two-day meeting kicks off Tuesday. The Fed meeting will conclude with a statement at 2 p.m. on Wednesday. There will not be a press conference after the meeting.

Here's why the Fed will stand pat on interest rates at the October meeting...

the fed

How Will Markets React to a Fed Rate Hike?

We know a Fed rate hike is coming soon.

What we don't know is how the hike will impact U.S. markets. Will the move rock traders, or will it be "business as usual"?

In the following video, retired hedge fund honcho and co-launcher of the Volatility Index Shah Gilani gives his prediction...

The Fed

When Will the Fed Raise Rates?

In August, Money Morning Capital Wave Strategist Shah Gilani answered the question, "When will the Fed raise rates?"

On Aug. 24 — "Black Monday" -the Dow Jones Industrial Average fell 1,089 points minutes after market open due to a stock market crash in China. The DJIA ultimately lost 586 points that day. Black Monday changed the Fed's outlook over a rate hike in 2015.

Watch the video to get Gilani's prediction on when the Fed will raise rates now...

Federal Reserve Policy

Has Federal Reserve Policy Helped – Or Hurt – the American People?

U.S. Federal Reserve policy has been around since the central bank was established on Dec. 23, 1913. Its supposed purpose is to ensure the stability of the financial system…

But have Fed policies helped the U.S. economy — or have they harmed it?

In the following video, Money Morning Capital Wave Strategist Shah Gilani breaks down the positives and negatives of modern Federal Reserve policy…

The Fed

Ben Bernanke Should Be in Jail Alongside the Wall Street Execs He Just Accused

"Illegal acts ultimately are done by individuals, not by legal fictions," he added in an interview published by USA Today on Sunday.

It's true that seven years later, not a single Wall Street bad actor has gone to prison over the credit crisis – even though it dwarfed the savings and loan scandals of the 1980s for which 1,100 people were prosecuted for white collar crimes, including top executives of the large failed banks.

But the statement coming from Bernanke is loaded with hypocrisy. He played a major role in tanking the U.S. economy himself. Take a look...