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I Called the Fed's Latest Fumble Back in January… Here's What's Next

the fed

Following the June FOMC meeting, a CNBC journalist asked Janet Yellen why anyone should trust the Fed when it consistently declines to raise rates.

Her response was one for the ages. Here's what she said - and what it means for your money...

Whatever Janet Yellen Says Today, She'll Be Dead Wrong

Janet Yellen

At 2:00 p.m. today, the U.S. Federal Reserve will release its infamous "dot plot" showing projected interest rates, along with economic forecasts and a policy statement.

Now, it should be noted that the Fed has a terrible forecasting record. Nonetheless, markets will continue to hang on every utterance of the gnomes in the Eccles Building. Fed Chair Janet Yellen said prior to May's disappointing jobs report that a rate hike would make sense "in the coming months."

After the May report, she started to backtrack. The Fed originally projected four rate hikes in 2016, but now we are more likely to see only one.

And we certainly aren't going to learn much of anything today - unless you think the opinions of people who are consistently wrong are worth knowing.

Eight years after the financial crisis, virtually all of the central banks are still engaging in crisis-era policies with little prospect of reviving economic growth.

But not the Fed...

The Fed is talking seriously about raising rates, something it should have done more than two years ago. But it is choosing an incredibly awkward time to get religion. And it is moving at the pace of a tortoise crossing the road to actually do something.

The truth is, no matter what Yellen decides, we're still up a creek without a paddle. She can tinker with interest rates all she likes, but she's waited too long. She can't fix the mess we're in.

And now is a terrible time to raise rates. Here's why...

You'll Be Shocked How Many Times the U.S. Fed Has Been Hacked the Last 5 Years

the U.S. Fed

The U.S. Fed has fallen prey to several "cyber espionage" attacks over the years.

Here are the details of this disturbing revelation, made public just today...

Dear Fed Policymakers: Please Heed Venezuela for Lesson in Hyperinflation

hyperinflation

Hyperinflation is gripping Venezuela, and both its government and people are suffering.

The prices of even the most basic goods are skyrocketing.

To see just how bad hyperinflation is, check out how its affected the price of a Venezuelan hamburger...

We hope U.S. Fed policymakers take heed...

Here's Why the Bear Market Rally Could End Soon

Stock market today

One current and three former members of the American branch of The Committee to Destroy the World - otherwise known as the Federal Reserve - met last week in a public forum to discuss their work.

Read more...

What We Learned About Federal Reserve Interest Rates in Today's Minutes

Federal Reserve Interest Rates

What we learned from the FOMC's March 15-16 meeting minutes is that policymakers are divided when it comes to the pace of hiking Federal Reserve interest rates and the health of the global economy.

Some are calling for an April hike, while others are leaning toward a more prudent approach.

Here's key details from today's release...

What This Week's Federal Reserve Interest Rate News Means for Markets in 2016

federal reserve interest rate hike

After another dovish Federal Reserve interest rate statement from Chair Janet Yellen yesterday, global stocks and commodities are rallying.

Investors can now expect lower interest rates to last deeper into 2016.

Here's what that means for your money now....

Here's the Size of the Scam the Fed and U.S. Companies Are Pulling on Us

When the Fed hiked interest rates this week, the media missed out on the interest rates that really matter. Those have been moving up for a while now, and it's a disaster...

Stocks have been on a tear. After looking weak in February, they've soared close to 13% in a matter of weeks.

So why does it all feel like a magic trick? Why isn't the market rally giving investors any solid feelings? Why is everyone so nervous?

I'll tell you what's going on, who's responsible, and what you need to do now. Let's get started...

How a Federal Reserve Interest Rate Hike Hands Over Billions to Big Banks

federal reserve interest rate hike

Big banks around the world are secretly rooting for another U.S. Federal Reserve interest rate hike this week.

That's because every Federal Reserve interest rate hike causes an immediate spike in their income. Last year the U.S. Federal Reserve paid out $6.9 billion to the Big Banks, including more than $100 million to Goldman Sachs Group Inc. (NYSE: GS) and more than $900 million to JPMorgan Chase & Co. (NYSE: JPM).

Here's how this insanity started - and why it's bound to get worse...

Germany's "Yellen" Just Shamed the U.S. Federal Reserve

U.S. Federal Reserve

Germany's finance minister just accused the U.S. Federal Reserve of destabilizing the markets with its commentary.

His warning comes just two days before the G20 meeting of finance ministers and central bank governors in Shanghai, China.

Interestingly enough, when asked about Deutsche Bank's possible demise, Germany's "Yellen" was a little less outspoken...

How to Protect Your Wealth from Negative Interest Rates

negative interest rates

The negative reception NIRP is getting from a lot of economists, analysts, and ordinary Americans doesn't diminish the likelihood the Fed will resort to this disastrous policy if it sees an emergency on the horizon.

And as sure as the next emergency's coming, so are negative interest rates. But don't believe for a second NIRP's going to save us. It's not. It's going to hurt - a lot.

There are only a few ways to protect yourself from the NIRP monster, so listen up...

Negative Interest Rates Mean Your Government Is Betraying You

dow jones industrial average

Nearly 500 million people now live in countries with official negative-interest-rate policies, and the United States may be next.

Seven years of zero interest rates have already severely punished savers; negative interest rates will finish the job by confiscating their capital for the mere privilege of depositing it in a federally licensed banking institution.

Make no mistake. NIRP is a desperate, last-ditch measure, and it couldn't come at a worse time. Here's the deal.

The Best Investment When the Fed Turns to Negative Interest Rates

negative interest rates

Negative interest rates used to be a thing of central banking fiction.

Now it looks like our Federal Reserve is considering negative interest rates, too.

At a testimony before Congress on Feb. 10, U.S. Federal Reserve Chairwoman Janet Yellen said there was nothing to prevent the United States from adopting negative-interest-rate-policy (NIRP).

NIRP signals a lack of confidence in an economy to investors. When the Fed turns to negative interest rates, it will encourage investors to exit stocks and stockpile their cash.

Money Morning Resource Specialist Peter Krauth has the one perfect investment to protect your money against this disastrous monetary policy.

How the Federal Reserve's "Nuclear Option" Is Threatening Our Economic Freedom

The Fed

The soldiers of fortune at the U.S. Federal Reserve have devised an insidious plan to solidify their control over free markets and America.

This prescription envisions banks lending cheaply and consumers spending robustly, spurring economic growth and propping up beleaguered markets.

But the reality is quite different. Here's what's really going to happen, and how, if the Fed wins the battle it's about to wage, Americans will lose their war for economic freedom.

Crippled European Banks Threaten a New Crisis

paper-report-stocks-chart

Only a short-covering rally on Friday saved stocks from a truly horrendous performance last week.

The Dow Jones Industrial Average lost 231 points or 1.4% to close at 15973.84 on the week while the S&P 500 dropped 15 points of 0.8% to end the week at 1864.78. The Nasdaq Composite Index fell 0.6% on the week to finish at 4337.51.

All three indexes are solidly in the red for the year with the Dow down -8.33%, the S&P 500 down -8.77% and the de-FANGed Nasdaq down -13.38%.