FOMC Meeting Minutes Show the Fed Is "Making Things Up as They Go Along"

Email
    Text size

In July's FOMC meeting minutes released yesterday (Wednesday), Fed members announced they may raise the near-zero interest rates sooner than expected, citing improvements in the labor market.

Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined CNBC's"Closing Bell" program yesterday and said these minutes show that one thing is clear: The Federal Reserve is just "making things up as they go along."

Even more unnerving – the Fed's ridiculous conclusions have triggered some concerning moves in the markets. Take a look:



Now: The Apple-IBM deal is great for both firms, because it unites the best of both companies. But for investors, one stock is the clear winner...