FOMC Meeting

U.S. Markets Today Rise After FOMC; BBRY Stock Gets a Bump

U.S. Markets Today

U.S. markets today (Wednesday) rose sharply after the conclusion of the Federal Open Market Committee's (FOMC) June meeting. As expected, the Fed announced it would taper another $10 billion from its monthly bond-purchasing program and that interest rates would remain low in order to incentivize job development and economic growth.

Here's the scorecard from today's trading session:

DOW: 16,906.62 (+0.58%)
S&P 500: 1,956.99 (+0.77%)
NASDAQ: 4,362.84 (+0.59%)

And here are the top stories that affected the U.S. markets today...

FOMC Meeting Today: Lower Growth, Higher Rates

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The two-day Federal Open Market Committee meeting wrapped up today (Wednesday) with the U.S. Federal Reserve revising down its previously more optimistic economic growth forecasts, and reinforcing expectations that interest rates will climb faster than what was previously anticipated.

Here are the details.

AMZN, BBRY, FDX Among Hot Stocks on the Move Today

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Today's hot stocks: While the FOMC meeting took center stage on Wall Street today, a number of stocks moved on earnings, company developments, and analysts' actions.

Featured on Wednesday's hot stocks to watch list is an economic bellwether hitting an all-time high, a biopharmaceutical company surging on a promising treatment for lung infections, and a biopharma skyrocketing in its IPO.

Check out 12 of Wednesday's movers - including AMZN, BBRY, and FDX - and find out what's behind their action...

The Tone of Today's FOMC Meeting Matters for Gold and Silver

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Gold, silver, and the FOMC meeting today: Precious metal prices were fairly steady Wednesday morning awaiting the typically market-moving statement from the Federal Open Market Committee (FOMC) meeting today. The spot gold price was last trading down $0.90 at $1,271.50. July silver prices were last quoted up $0.003 at $19.735 an ounce.

Over the last several years, investors have shown a keen interest in shiny assets as the U.S. Federal Reserve liberally printed money and distrust in dollars grew. But that interest has waned as the Fed slows its bond buying.

Now an FOMC meeting can be a strong headwind for gold and silver...

FOMC Meeting, AMZN, and Oil Lead the Busiest Financial News Day in Months

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Top financial news today, June 18, 2014: The Dow Jones Industrial Average rose marginally on Tuesday despite a swath of disappointing data, including higher inflation and poor housing numbers. Wednesday is gearing up to be one of the busiest news days in recent months for the financial markets.

Here's the financial news you need to know to make today profitable:

FOMC Meeting: Watch for "Half-Baked Data" Supporting Lower Rates

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The U.S. Federal Reserve will convene its two-day Federal Open Market Committee (FOMC) meeting today (Tuesday), its fourth of the year and the third with Fed Chairwoman Janet Yellen in charge.

The FOMC is expected to announce a further reduction in the Fed's ongoing asset-buying program, but the real question is where short-term interest rates are headed.

Here's what to expect...

FOMC Meeting Minutes Reaction: "Fed Is Making It Up as It Goes Along"

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On Wednesday, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC's "Closing Bell"for a roundtable discussion of the April Federal Open Market Committee (FOMC) meeting.

Take a look and find out why Fitz-Gerald became "concerned the Fed is underestimating key factors" when he saw the FOMC meeting minutes - and how investors should approach the market in these uncertain conditions...

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Janet Yellen's Speech on Monetary Policy: Three Big Questions Answered

Janet Yellen

Janet Yellen gave her first speech on monetary policy today (Wednesday) since assuming her position as chair of the U.S. Federal Reserve on Feb. 3, 2014.

While cautioning that the economy still needs the central bank's support, Yellen stated that the nation's economic recovery will be nearing completion within two years.

Get the full text of Janet Yellen's speech here.

The Dow Jones Industrial Average Ends Week on a Bullish Note

At the closing bell, the Dow Jones Industrial Average declined slightly by 0.19% to close at 16,300.45; for the week ending today (Friday), March 21, 2014, the Dow gained 1.45%, or 232.83 points.

The S&P 500 hit an intraday all-time high before falling to close down 0.29% at 1,866.60. The Nasdaq fell 0.98% to finish at 4,276.79. Silver prices recovered after a tough response from the Federal Open Market Committee (FOMC) meeting on Wednesday.

Here's a recap of today's top stock market news.

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Post-Market Report: Dow Jones Industrial Average Soars on Philly Fed Manufacturing News

The markets roared today after the Philadelphia Federal Reserve announced better than expected news in its area manufacturing figures.

At the closing bell, the Dow Jones Industrial Average rose 108.88 points to finish at 16,331.05. The Nasdaq increased 11.68 points to finish at 4,319.29, while the S&P 500 added 11.24 points to close at 1,872.01.

Today's FOMC Meeting: Data-Dependent and Dovish

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The end of today's Federal Open Market Committee (FOMC) meeting included fresh dovish language in its policy statement - but the market-friendly attitude failed to excite investors who were hoping for more.

As widely expected, the U.S. Federal Reserve announced it will stay the course on its bond tapering. Anticipated - but not as expected - the policy statement shed some light on eventual interest rate hikes.

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Dow Jones Industrial Average Falls After Yellen's First FOMC Meeting

The markets crumbled today after the Federal Open Market Committee (FOMC) indicated a dovish approach to economic policy. At the closing bell, the Dow Jones Industrial Average fell 114 points to finish at 16,222. The Nasdaq slumped 25 points to finish at 4307, while the S&P 500 lost 11 points to close at 1860.

The FOMC moved the goal posts on Wednesday, altering its view of when the central bank should raise interest rates. At its first meeting with new Chair Janet Yellen at the helm, the committee elected to trim its asset-purchasing program (quantitative easing) by another $10 billion to $55 billion per month.

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Today's FOMC Meeting Preview and Stock Market Report

Today's stock market report, Mar. 19, 2014: The Dow Jones Industrial Average rose 0.55% on Tuesday to finish at 16,336.19. The S&P 500 added 0.72% to end the day at 1,872.25, while the Nasdaq jumped 1.25% to close at 4,333.31.

U.S. stock futures are up this morning as markets remain calm but guarded over Russian President Vladimir Putin's assurances on future intervention in Ukraine. Nonetheless, global markets were up and down ahead of today's Federal Open Market Committee (FOMC) meeting announcement at 2:30 p.m. EST.

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Janet Yellen Testimony: Key Takeaways as Fed Stays the Course

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What stands out most from the Janet Yellen testimony Thursday to the Senate Banking Committee is that her remarks mirrored comments made on Feb. 11 in her first monetary policy testimony to a House panel.

Speaking on Capitol Hill about the Semiannual Monetary Report, Yellen repeated that the central bank is likely to maintain its approach of progressively trimming asset purchases. The taper will continue even as policy makers monitor data to determine if the recent spate of soft economy data is temporary or something more serious.

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The Five Most Ridiculous Revelations from the Fed Hearings

Glum Bernanke

On Friday, the U.S. Federal Reserve released the transcripts from its vital meetings over the state of the U.S. economy from 2007 through 2009.

The transcripts provide a staggering glimpse into the world of a central bank in crisis, or at least the inability for all parties concerned to grasp the problems at hand.

Here are the five most ridiculous takeaways from the Fed Reports.

To continue reading, please click here...

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