The Dow Jones Industrial Average soared 274 points Wednesday following the Federal Open Market Committee's release of its September meeting minutes. The release marked the last of the Quantitative Easing 3 era.
According to the minutes, many Fed officials are seeking a new way to convince others that they are not prepared to raise interest rates according to the previous timeline.
Here are the top stories from today’s trading…
The Federal Open Market Committee Meeting (FOMC) meeting minutes were expected to mirror the same sentiments and monetary policy guidelines the U.S. Federal Reserve has been touting for months.
And on that front, this minutes release did not disappoint.
But that doesn’t mean these minutes were not important. Here’s what to look for moving forward…
Ever since former U.S. Federal Reserve Chairman Ben Bernanke announced the tapering of the Fed's current bond-buying program in December, the release of the Federal Open Market Committee (FOMC) meeting minutes have been unsurprising and awash in technical central-banker jargon.
It's followed the same pattern each time: the Fed will have its meetings, release a statement, and then three weeks later they will release the minutes of that meeting as per Fed protocol.
But, here’s why these minutes are important, if for no other reason than the timing of them…
There is a lot of lip service being paid to the upcoming stock market crash that we're supposed to expect once the Federal Reserve starts raising rates.
Every time we get close to a regularly scheduled Federal Reserve statement, financial pundits pontificate about the nuances of what the Fed Chair might say, not say, or imply.
It's like clockwork.
But one theme remains constant: any tightening of the Fed's easy monetary policies will spell impending doom for the easy-money-addicted stock market.
The only problem, though, is that historical facts just don't support the fear. In fact, there are opportunities for investment out there no matter what rates do... Full Story
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting today went according to plan, as the Fed will continue to taper bond purchases and is maintaining hushed tones on interest rate increases after the third round of quantitative easing (QE3) ends.
As far as monetary policy is concerned, nothing changed.
With business as usual at the Fed, here are the key takeaways from today’s Fed meeting…
When the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve meets next week (Sept. 16-17) to consider when it should raise interest rates, it will have a huge disincentive to do so.
And we're not talking about what you'll hear in the mainstream media about whether the unemployment rate is finally low enough, or whether U.S. economic growth is finally strong enough to warrant tightening monetary policy.
No, what the Federal Reserve fears most is a problem of its own creation...
Despite billions in bond-buying "quantitative easing" and near-zero interest rates courtesy of recent Fed policy, Americans have stashed $1.8 trillion in low-yield accounts since the QE program started in 2008.
It's a failed stimulative policy that has left a shocking $10.8 trillion on the sidelines. But when it comes to investing in stocks in particular, the news gets even worse.
Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined CNBC's"Closing Bell" program yesterday and said the newly released Fed meeting 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:
Stock market news, Aug. 20, 2014: U.S. stocks roared again Tuesday, buoyed by strong earnings reports and a slew of positive economic data.
The positive data and strong earnings reports overshadowed any concerns about ongoing geopolitical tensions in Ukraine, Israel/Gaza, and Iraq. Yesterday, the Kremlin announced that Russian President Vladimir Putin will meet with Ukrainian President Petro Poroshenko next week to discuss ways to resolve the problems plaguing Eastern Europe.
Here's what you must know about the stock market today to start profiting...
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting will end today (Wednesday) with a statement release at 2 p.m. EDT, though it's not likely that the markets will be spooked by what has become a very predictable central bank.
Here’s what we can expect from today’s Fed meeting…
The minutes from last month's FOMC meeting show that the Fed expects to end its bond-buying program by October. Just a few months ago the Fed said it could start raising interest rates six months after QE ended.
But that's not what the FOMC minutes are telling us...
Dow Jones Industrial Average today, June 19, 2014: U.S. markets soared on Wednesday after the conclusion of the Federal Open Market Committee's (FOMC) June meeting. The Dow Jones Industrial Average gained 0.58%, the Nasdaq Composite was up 0.59%, and the S&P 500 jumped 0.77% to a record close.
Here are the top stories affecting the stock market today (Thursday)…
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.
Dow Jones Industrial Average today, June 17, 2014: The stock market close on Monday found the Dow Jones Industrial Average in positive territory after a late rally pushed stocks higher. The markets had been trading down through midday, as concerns over the crisis in Iraq continued to mount.
Here's what you should know to make your Tuesday profitable:
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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