The Federal Open Market Committee (FOMC) Meeting today marks 2015's inaugural meeting of the U.S. Federal Reserve's monetary policy makers.
It's only been a month since the last meeting convened. But a lot has changed. It's following big stories in the way of global central, particularly from the European Central Bank.
Stock market futures for Wednesday, Jan. 28, forecasted a 22-point gain from yesterday's close.
Today, investors are awaiting word from the Fed Open Market Committee. The markets will be paying attention to how the central bank is planning to address interest rates in the coming months.
Reading about what's going on in the subprime auto lending space is a lot like reading about drive-by shootings.
Unless you're a subprime borrower, or live in a neighborhood where drive-bys are happening, you probably don't know much about either - or think they affect you.
But if you listen closely there's muffled financial "gunfire" already in your neighborhood.
And it's much closer to your doorstep than you think.
JP Morgan (NYSE: JPM) is about to become Goldman Sachs' newest toy. Except its version of "playing" is "smashing it into pieces."
That's right, Goldman Sachs has joined a bandwagon of analysts calling for JP Morgan Chase to break up. And since Goldman Sachs is simply the best at what it does - good and evil - their mission shouldn't be too hard.
The Fed was the center of debate during congressional questioning on Nov. 21.
Sen. Elizabeth Warren compared the Fed's job to that of "a cop on the beat."
The minutes from last month's Federal Open Market Committee (FOMC) meeting provided zero clarity on the U.S. Federal Reserve's plans to raise interest rates in 2015. The markets need to know when the Federal Reserve might raise interest rates, or at least what economic conditions it will use to make the decision.
But all we get from the Federal Reserve is waffling. And the economic targets that would trigger action get increasingly vague. Meanwhile, the Fed members make things worse by publicly voicing their uncertainty.
As widely expected, the Fed finally ended its massive bond-purchasing program.
Now the market will turn its focus to interest rates.
Will the Fed raise rates next year? If so, what effects will that have?
The Fed is ultimately reactive, exerting little, if any, control in the long run. Low rates are here only as long as the Fed can manage them.
At that point, it is time to look out.
Just about everyone knows Alan Greenspan. As central bankers go, he may just be the most famous ever. Even today, 1 in 6 Americans still think he's the current chair of the Federal Reserve.
As Fed chief from 1987 until 2006, Greenspan oversaw the latter part of the greatest stock bull market in history.
For that, some called him "The Maestro."
From other quarters, the names are far less flattering. Many blame him for inflating massive stock and real estate bubbles, resulting in financial devastation across the economy.
Well, these days Greenspan is acting rather schizophrenic. In fact, you won't believe what he's saying now, unless you understand where he's coming from.
Given the havoc its wreaking on market stability (while ostensibly doing the opposite), it's absolutely critical to look back at Greenspan's handiwork to try to make sense of today's Federal Reserve maneuvering...
"The Secret Recordings of Carmen Segarra" was broadcast on NPR's "This American Life" on Sept. 26. Carmen Segarra, a former Fed examiner in the bowels of Goldman Sachs Group Inc. (NYSE: GS), secretly recorded some of the goings-on there.
And what was revealed in those tapes speaks a lot to who's really running the show there - the Fed or the big banks.
There is a lot of lip service being paid to the upcoming stock market crash that we're supposed to expect once the Federal Reserve starts raising rates.
Every time we get close to a regularly scheduled Federal Reserve statement, financial pundits pontificate about the nuances of what the Fed Chair might say, not say, or imply.
It's like clockwork.
But one theme remains constant: any tightening of the Fed's easy monetary policies will spell impending doom for the easy-money-addicted stock market.
The only problem, though, is that historical facts just don't support the fear. In fact, there are opportunities for investment out there no matter what rates do... Full Story
The Dow Jones today closed at a record high after the Federal Reserve released a statement that indicates its intent to maintain low interest rates for "a considerable time." Markets were quiet for most of the day, as investors were looking to determine whether the central bank plans to boost interest rates before the consensus expectations of mid-2015.
When the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve meets next week (Sept. 16-17) to consider when it should raise interest rates, it will have a huge disincentive to do so.
And we're not talking about what you'll hear in the mainstream media about whether the unemployment rate is finally low enough, or whether U.S. economic growth is finally strong enough to warrant tightening monetary policy.
Stock market today, Sept. 10, 2014: Stock market futures were down this morning after markets took a nosedive in the final hour of trading yesterday (Tuesday). The slide followed a broad selloff of tech giant Apple Inc. (Nasdaq: AAPL) and investors heightened cautions over a possible interest rate increase by the Federal Reserve sooner rather than later.
It's maddening. Our economy is stagnating. The divide between haves and have-nots is widening every day. There are fewer and fewer good jobs and careers to be had. What the heck happened?
The U.S. Federal Reserve System is killing America. It has destroyed the economy. It has undermined savers and retirees. It is even responsible for the corruption in Congress.