“What can I say except ‘you're welcome’ for the tides, the sun, the sky?” Fed Chairman Jerome Powell spoke at 2:30 PM this afternoon, and, as I predicted yesterday, at 2:35 PM, the S&P 500 did what I said it would do. We peeled off after the Fed’s announcement and hit the third standard deviation […]FOMC
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We Made Exactly the Right Call on Powell’s Speech
“What can I say except ‘you're welcome’ for the tides, the sun, the sky?” Fed Chairman Jerome Powell spoke at 2:30 PM this afternoon, and, as I predicted yesterday, at 2:35 PM, the S&P 500 did what I said it would do. We peeled off after the Fed’s announcement and hit the third standard deviation […]A Lot of Money Can Be Made Between 2:35 PM and 2:37 PM Tomorrow - Here's Why
Tomorrow, the Federal Reserve will raise interest rates by 25 basis points. Everyone and their mother will lock eyes on CNBC and Bloomberg at 2:30 PM… They'll hang on every single word spoken by Fed Chair Jerome Powell. Are they still forecasting a mild recession at the Fed? Are asset prices (equities) too high? All questions will […]What to Expect from Markets the Week of July 24
Postcards from the florida republic: An independent and profitable state of mind. The dogs don’t like the thunder. Elsie, a pit-Basset mix we adopted, jumps on the bed when it booms. She builds a fort of pillows around her and then hides beneath a blanket. The other dog, Gracie, a Chihuahua mix, gets to the […]When Is the Next Fed Meeting in 2017?
When is the next Fed meeting?
It will start on March 14, and it will conclude on March 15.
What We Learned About Federal Reserve Interest Rates in Today's Minutes
What we learned from the FOMC's March 15-16 meeting minutes is that policymakers are divided when it comes to the pace of hiking Federal Reserve interest rates and the health of the global economy.
Some are calling for an April hike, while others are leaning toward a more prudent approach.
Here's key details from today's release...
What This Week's Federal Reserve Interest Rate News Means for Markets in 2016
After another dovish Federal Reserve interest rate statement from Chair Janet Yellen yesterday, global stocks and commodities are rallying.
Investors can now expect lower interest rates to last deeper into 2016.
Here's what that means for your money now....
Federal Reserve's Plan "Won't End Well" for the Markets
At a meeting with Congress on Wednesday, U.S. Federal Reserve Chairwoman Janet Yellen reiterated the Fed's plan to raise interest rates in the months ahead.
But her words also showed a hint of doubt.
Yellen discussed several concerns about the economy that could make the Federal Reserve hesitate on the timing of rate hikes. She also reemphasized the Fed's willingness to experiment with controversial monetary policy tools, including negative interest rates.
When Will the Next Fed Interest Rate Hike Happen?
The U.S. Federal Reserve kicked off its two-day policy meeting Tuesday, and investors are looking for any sign of the next Fed interest rate hike.
The overwhelming consensus now is that we won't see a Fed interest rate hike at the conclusion of the U.S. central bank's meeting on Wednesday.
But that doesn't mean we won't see another Fed rate hike sometime in 2016...
Will the Stock Market Crash Today? - 12/16/15
Will the stock market crash today following a December rate hike announcement from the U.S. Federal Reserve?
The Fed is expected to raise interest rates today (Wednesday) for the first time since June 2006.
Here's what a December rate hike would mean for stocks...
Dovish vs. Hawkish: Which Way Will the Fed Lean This Week?
Over the last couple months, news outlets have brought the dovish vs. hawkish Federal Reserve argument back on the table.
But many investors don't know what the two mean and how they affect their portfolios.
Here's a breakdown of the two...
Dow Jones Industrial Average Down Today as Oil Prices Tank
Futures for the Dow Jones Industrial Average today (Tuesday, Dec. 8, 2015) showed a decline of 158 points as concerns about falling energy prices rattled investors in both Asia and Europe.
On Monday, the Dow Jones fell 117 points after oil prices fell to six-year lows as concerns about oversupply rattled trader sentiment. Shares of Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp.(NYSE: CVX) were both off roughly 2.6% and were the biggest drags on the Dow Jones.
Here's everything else investors need to know today...
Dow Jones Industrial Average Moving Today Ahead of Federal Reserve Speech
Futures for the Dow Jones Industrial Average today (Monday, Dec. 7, 2015) were down nine points ahead of a busy week of economic data that includes an update on inflation, November retail sales, and consumer sentiment. These major economic data points will continue to provide insight into the FOMC meeting on Dec. 15 and 16.
Here's what else investors need to know about the Dow Jones Industrial Average today...
Why a December Rate Hike Looks Like a Done Deal Now
American employers increased headcount by 211,000 in November.
That healthy showing all but guarantees that U.S. policymakers will raise interest rates for the first time since June 2006 when they meet Dec. 15-16.
Here's why a December rate hike looks like a done deal now...
Current Federal Reserve Interest Rates Trigger This Personal Swipe at Yellen
Political and consumer activist Ralph Nader issued an open letter regarding interest rates to U.S. Federal Reserve Chairwoman Janet Yellen on Oct. 30 that turned personal.
Monday, Yellen responded.
Here's how she defended current Federal Reserve interest rates.
Protect Yourself from the Fed's "Inflation Delusion" with This
The Fed has kept interest rates stuck near zero for the last seven years, so there's little wonder investors and savers feel like "perma-zero" is the new paradigm.
Despair and ennui have settled in. According to the Fed, some 31% of non-retired Americans have no savings or pension whatsoever.
Some have been frozen out, unable to save thanks to stagnating incomes and dismal job prospects. Others who might otherwise be able to save just don't see the point when they're not making any interest to speak of.
That negative outlook is understandable, given today's economic realities. But it doesn't have to be that way.
Not when a small investment in one easy-to-buy asset can make so much difference...