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Stock Market News Today Focuses on FOMC Meeting Outcome
Stock market news today, Oct. 30: Stocks are fairly steady today as investors await the Federal Reserve's next decision on whether to taper its massive bond-buying program, with general expectations being that tapering will be delayed until 2014 amid the recent onslaught of more negative economic indicators.
For several months, investors have had difficulty deciphering how the Fed will pare back this stimulus program, and confusion persists today. Some say tapering may begin at the next Fed meeting in December, while others are predicting next January or March.To continue reading, please click here...
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...
FOMC Members "Badly Out of Touch," says Keith Fitz-Gerald
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...
Today's FOMC Meeting Cheat Sheet
Today's FOMC meeting will kick off a two-day discussion of economic policy - and will leave unprepared investors confused...
Both the FOMC policy statement and its economic and market projections will be released on Wednesday at 2 p.m. EDT and will be followed by U.S. Federal Reserve Chairman Ben Bernanke's press conference at 2:30 p.m.
[Editor's Note: Stay tuned to Money Morning for a Wednesday FOMC Meeting roundup.]
The question hot on everyone's tongue is what the FOMC will decide to do about the $85 billion in monthly bond buying - will the inevitable quantitative easing (QE) taper finally begin?
Check Out What the FOMC Meeting Minutes Did to the Stock Market Today
In one of the most highly anticipated releases of the year, the Federal Open Market Committee (FOMC) meeting minutes from July 30-31 were released today (Wednesday).
They will be picked apart for days - but here's what you need to know.