On Thursday the Fed blamed China for its policy paralysis.
This effectively expanded the Fed's dual mandate from trying to achieve full employment and price stability to trying to maintain global financial stability, but only succeeded in introducing more uncertainty to the situation.
And it gets worse. I want to show you why... and what I expect to happen now.
On Thursday the Fed blamed China for its policy paralysis.
This effectively expanded the Fed's dual mandate from trying to achieve full employment and price stability to trying to maintain global financial stability, but only succeeded in introducing more uncertainty to the situation.
And it gets worse. I want to show you why... and what I expect to happen now.
Bets are being laid down in advance of today's Fed decision.
The bet itself is a simple one: Will Fed decision makers raise rates... or won't they?
The nine years of historically low interest rates will continue in the wake of Fed Chairwoman Janet Yellen's decision to not hike rates - to not yet remove the proverbial punchbowl from the easy-money party.
It was a classic "50-50" proposition; it didn't seem likely the Fed would move to roil global markets, but given the perceived strength of the labor market, a hike wasn't out of the question.
Before Yellen decides to pull the trigger, we'll see price volatility spiral across all global markets - especially when it comes to crude.
So now the oil "doom and dread" crowd and their bearish predictions are running rampant.
Here's why they're dead wrong...
The chatter surrounding the U.S. Federal Reserve's upcoming decision on interest rates has been constant and deafening.
Fed Chairwoman Janet Yellen has been hinting for close to a year now that the Fed will finally raise rates. Everyone is afraid that will mean a major correction in stocks - and tanking gold prices.
But history tells a different story about how gold moves when rates rise...
I have a dream. Well, I had a dream, but maybe it's never coming true, so I'll revel in my real dream.
And what a dream it was...
America had changed overnight. I didn't know what had happened, but everything was different the morning I woke up (while I was, unfortunately, still in my dream).
The sky and atmosphere were different. There was a sense of clarity, of transparency.
I had to walk into town; something told me to go there.
Wait till you see what I found...
As widely expected, the Fed finally ended its massive bond-purchasing program.
Now the market will turn its focus to interest rates.
Will the Fed raise rates next year? If so, what effects will that have?
The Fed is ultimately reactive, exerting little, if any, control in the long run. Low rates are here only as long as the Fed can manage them.
At that point, it is time to look out.
Here's what will cause us nightmares - and what we can do to avert a crisis in our investments...
With the stock markets still a little jittery after this month's mini-correction, the statements that come out of this week's FOMC meeting (Federal Open Market Committee) will be even more cautious than usual.
"The Fed is all about fairy dust," Money Morning Chief Investment Strategist Keith Fitz-Gerald said in a Wednesday appearance on CNBC World, noting that the Fed really doesn't want to upset the markets right now.
See why CNBC World keeps inviting Fitz-Gerald back...
