Category

Federal Reserve System

The Fed

FOMC Meeting: Watch for "Half-Baked Data" Supporting Lower Rates

The U.S. Federal Reserve will convene its two-day Federal Open Market Committee (FOMC) meeting today (Tuesday), its fourth of the year and the third with Fed Chairwoman Janet Yellen in charge.

The FOMC is expected to announce a further reduction in the Fed's ongoing asset-buying program, but the real question is where short-term interest rates are headed.

Here's what to expect...

Big Banks

Feds Finally Put Their Scopes on the “Too Big to Jail”

Late last month, depending on how you look at it, either something wonderful happened – or the feds continued their cowardly, conniving ways.

A group of federal prosecutors met in Washington and in New York with various financial regulators to discuss filing criminal charges against and coercing guilty pleas out of two giant banks. This looks to be a historic occurrence.

But two things say we shouldn’t pop open the champagne just yet...

Federal Reserve

What Happened at Today’s FOMC Meeting

The Fed wrapped up a two-day policy meeting Wednesday with little fanfare and little investor reaction. There was no press conference following the Federal Open Market Committee (FOMC) meeting this month – just a news release.

No surprises were expected Wednesday afternoon, and no surprises were delivered. Benchmarks were little changed ahead of the Fed’s statement and modestly higher after.

Here’s what transpired at today’s meeting and what it means for the markets.

The Fed

Janet Yellen's Speech on Monetary Policy: Three Big Questions Answered

Janet Yellen gave her first speech on monetary policy today (Wednesday) since assuming her position as chair of the U.S. Federal Reserve on Feb. 3, 2014.

While cautioning that the economy still needs the central bank's support, Yellen stated that the nation's economic recovery will be nearing completion within two years.

Get the full text of Janet Yellen's speech here.

The Fed

Janet Yellen Testimony: Key Takeaways as Fed Stays the Course

What stands out most from the Janet Yellen testimony Thursday to the Senate Banking Committee is that her remarks mirrored comments made on Feb. 11 in her first monetary policy testimony to a House panel.

Speaking on Capitol Hill about the Semiannual Monetary Report, Yellen repeated that the central bank is likely to maintain its approach of progressively trimming asset purchases. The taper will continue even as policy makers monitor data to determine if the recent spate of soft economy data is temporary or something more serious.

To continue reading, please click here...

The Fed

The Five Most Ridiculous Revelations from the Fed Hearings

On Friday, the U.S. Federal Reserve released the transcripts from its vital meetings over the state of the U.S. economy from 2007 through 2009.

The transcripts provide a staggering glimpse into the world of a central bank in crisis, or at least the inability for all parties concerned to grasp the problems at hand.

Here are the five most ridiculous takeaways from the Fed Reports.

To continue reading, please click here...

Energy Investing

Janet Yellen Sticks to the Script (Here's What It Means for Investors)

Janet Yellen made her debut before Congress Tuesday as the new head of the Fed

And just like they did for her predecessors, the markets hung on every single word.

Except in this case, nobody (and I mean nobody) expected any major fireworks. What they were looking for instead was a confirmation that it would be "business as usual."

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The Fed

Five Important Things Federal Reserve Chair Janet Yellen Said to Congress Today

On Tuesday morning, Federal Reserve Chair Janet Yellen spoke before the House of Representatives in the semiannual Monetary Policy Report. These are her first public comments since assuming the role as head of the U.S. central bank from her predecessor Ben Bernanke on Feb. 3, 2014.

Yellen, who until last week served as Vice Chair of the Fed, testified on the health of the U.S. economy, her commitment to the central bank's ongoing stimulus efforts, and regulatory needs for the financial system. Below are the critical highlights of her testimony, released this morning at 8:30 a.m.

Here are five key takeaways from Yellen's testimony...

The Fed

This Has Been Making Investors Rich for 140 Years

People are viewing the end of stimulus as a sunset. "My, what a wonderful day we've had," they say.

What they should be doing is investing for tomorrow's dawn – the turmoil we're seeing now as part of Yellen's arrival is actually par for the course.

It's also a great time to lock your sights on four companies that will lead the way when the smoke clears…