Federal Reserve System
Janet Yellen Sticks to the Script (Here's What It Means for Investors)
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."To continue reading, please click here...
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...
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… Full Story
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...