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: