fomc meeting 2013
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In the wake of the Federal Reserve meeting last week, FOMC members have many public appearances planned in which they're expected to clarify the central bank's recent policy decisions.
Count Money Morning Chief Investment Strategist Keith Fitz-Gerald as one investing expert who will not be hanging on every speech.To continue reading, please click here...
Silver Prices Today Have Ben Bernanke to Thank
Thanks to that "party animal" Ben Bernanke, silver prices today are enjoying a nice bounce.
That's because the U.S. Federal Reserve chairman, along with the other members at the Federal Open Market Committee (FOMC) meeting yesterday, decided to keep the quantitative easing (QE3) flowing steady with $85 billion of bond buying per month.
After the Fed announcement, silver prices rallied by 5.5% to more than $23 an ounce. That's the precious metal's biggest one-day gain since June 28.To continue reading, please click here...
Keith Fitz-Gerald Nails It on Today's FOMC Meeting
Almost every major news outlet predicted a taper coming out of today's FOMC meeting, but Money Morning's Chief Investment Strategist Keith Fitz-Gerald went on the record months ago correctly predicting there would be no taper.
The major news outlets were wrong, and Fitz-Gerald nailed it...Read more...
All Things Fed: Keith Fitz-Gerald on Janet Yellen and Today's FOMC Meeting
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." today to discuss this week's FOMC meeting and Janet Yellen.
On Monday, Larry Summers announced he is dropping out of the candidate list to replace Ben Bernanke and become the next Fed chief. Next in line for new Fed chief role is Janet Yellen.To continue reading, please click here...
Federal Reserve FOMC Meeting Schedule 2013-2014
As a service to Money Morning readers, we are providing the Federal Reserve FOMC meeting schedule.
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) is a 12-member board within the Federal Reserve system that meets eight times a year to set policy.
In addition to the regularly scheduled meetings, the FOMC can call other meetings as needed. The minutes of a regularly scheduled FOMC meeting are released three weeks after the date of the policy decision.
The Power of Today's FOMC Meeting
Get ready for more volatility this week as the two-day Federal Open Market Committee (FOMC) meeting kicks off today (Tuesday) and investors wait for a sign of more quantitative easing, or QE3.
The Federal Reserve announces what will happen with interest rates eight times a year at FOMC meetings. FOMC meetings are scheduled well in advance and receive a great deal of attention from the media and markets, but it wasn't always this way. It was not until 1994 that the Federal Reserve started publicizing the actions of the FOMC.
Now the FOMC announcements have become trading opportunities.
In fact, under Federal Reserve Chairman Ben Bernanke, the Federal Reserve has become the most influential market maker in history.
Bob McTeer, the former president of the Dallas Federal Reserve, wrote in Forbes that investors are so glued to Fed actions they even react when minutes are released from an FOMC meeting - even when the meeting's outcome was already known.
"It used to be "buy on the rumor, sell on the news' or vice versa. Now it seems to be "sell on the news and sell again on the same news in slightly greater detail,'" wrote McTeer.
To continue reading, please click here...