Federal Reserve System
FOMC Meeting Today: How the Taper Is Affecting Markets
As many predicted, the Federal Open Market Committee (FOMC) meeting today ended with the announcement of more taper – cutting monthly bond purchases by $10 billion a month to $65 billion.
The U.S. Federal Reserve will reduce its purchases of long-term Treasury bonds from $40 billion a month to $35 billion, and mortgage-backed securities from $35 billion a month to $30 billion. The decision to continue the taper was unanimous among the FOMC’s 10 voting members.we could be in for some surprises this year...
Stock Market This Week: Time Warner (NYSE: TWX), Big Banks, the 2014 Fed
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Cavuto" Friday evening to discuss news moving the stock market this week:To see the video, please click here...
What the Fed Taper Means for Markets and Your Money
I didn't think it would happen, but Fed Chairman Ben Bernanke up and did "it" a few minutes ago.
He announced the "Fed taper" – the Fed will cut its bond buying by $10 billion a month (to $75 billion) beginning in January.
I think there are a few points to consider about Bernanke's move. I want talk briefly about those, and then highlight what this news of a Fed taper means for your money.To continue reading, please click here...
Fed Meeting Today: Five Big Questions Answered
The Fed meeting today and tomorrow will focus on when to taper the $85 billion monthly bond purchasing program known as quantitative easing (QE).
As Money Morning told you yesterday, a lot of people seem to think the Fed will taper this week because the economy is improving and that the economy is strong enough to handle a reduction in its bond buying.
But like we said, this is a "dangerously popular delusion" – as this chart proves…
And we think the Fed won't be able to take its foot off the gas just yet – especially when doing so in the past has triggered a 10% to 15% drop in the markets.Here's what you need to know...
Why the Fed's 100th Birthday Could Be Its Last
On December 23rd, the Federal Reserve will turn 100 years old.
We can look back on its few successes… but its many failures far outweigh any positives it may have achieved.
What's at stake now is the Fed's future. And it looks bleak.In fact, the Fed won't even exist in 100 years...
Janet Yellen's Testimony Didn't Intend to Reveal This Profit Opportunity
Janet Yellen's debut performance yesterday before the Senate Committee on Banking, Housing, and Urban Development may have inadvertently pointed investors toward the best profit opportunities in the continuing financial asset bubble.
The key is a single phrase, one with two meanings that signals where the real money will be made before the bubble goes "pop."Here's what Janet Yellen said...
The Chart the Federal Reserve Doesn't Want You to See
Ever heard of the Taylor Rule?
Not many people have, but the folks at the U.S. Federal Reserve are very familiar with it – and they'd probably prefer that this highly respected guideline for the federal funds rate languish in obscurity.Here's the chart the Fed wishes didn't exist...
Currency Trading Today: Follow the FOMC to Profits
While last week certainly had its share of risk events that helped move currencies, the major theme in currency trading was continued weakening/consolidation for the U.S. dollar.
This week, the weakening will be a key focus for us. We have some very weighty top-tier data events occurring in the next few days.This window of opportunity won't stay open for long, however...
The First Thing Yellen Should Do to Save America
There is so much to say about the United States government not defaulting.
I'd like to start with a thank you.
It isn't easy, but I'll try.
Thank you, Congress, for showing the world there's nothing wrong with the full faith and credit of the United States… and for showing the world that having full faith and credit in the United States government is a total bust.
An extension? Really? So, we go through this again in a matter of weeks?
But let's move on. Let's talk about Janet Yellen. She's far more relevant.
She's about to become the most powerful person in the United States – in the entire world, for that matter.Here's the first thing Yellen could do with all that power - if she wants to save America...
Who Is Janet Yellen, and What Will She Be Like as the Next Fed Chair?
U.S. President Barack Obama officially nominated Janet Yellen as the next Federal Reserve Chairman today (Wednesday).
Dow and S&P 500 futures immediately jumped late Tuesday on news the nomination was coming. A vote for Yellen suggests continuity, not change.
As Chief Investment Strategist Keith Fitz-Gerald has said, "Yellen has never met a printing press she didn't like."To continue reading, please click here...