S&P 500
2159.73
+13.63 +0.64%
Dow Indu
18226.56
+131.73 +0.73%
Nasdaq
5305.87
+48.38 +0.92%
Crude Oil
44.65
-1.28 -2.81%
Gold
1326.795
-8.250 -0.62%
Euro
1.12200
-0.00240 -0.21%
US Dollar
95.440
+0.137 +0.18%
Weak

Is Data Dependency Dead At The Fed?

George Yacik - INO.com Contributor - Fed & Interest Rates


While it was certainly gratifying to know that the Federal Reserve may, finally, be ready to raise interest rates and normalize monetary policy before the end of the year, its reason for doing so, elucidated after last week’s FOMC meeting and Janet Yellen’s press conference left me shaking my head. To put it in economic terms, it didn’t make a whole lot of sense, given the Fed’s past behavior.

As we all know by now, the Fed, as widely expected, left interest rates unchanged last week, but hinted strongly for the umpteenth time that it’s almost ready to raise rates, just not right now.

“The committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives,” the post-meeting announcement said.

Yet, at the same time, the Fed lowered its estimate for U.S. economic growth this year to 1.8% from its June forecast of 2.0%, which is also its new long-term view of the economy. That’s certainly justified by the reports we’ve been getting the last several weeks, which show the economy slowing, not gaining strength, in the second half.

So why would the Fed say that the case for raising rates had “strengthened” even as it downgraded its view of the economy and most recent reports back that up? [Continue reading]

Which Asset Is A Top Gainer? Silver? Bitcoin? Try again!

At the start of this year, I wrote about Bitcoin and its unrivaled blast-off dynamics compared to conventional assets for the Y2015. Of course, the main reason for this was the effect of the 'start-up.' In other words, if we get something useful and … [Continue reading]

Will Tonight's Debate Move The Markets?

Hello MarketClub members everywhere. It's estimated that there will be up to 100 million people watching tonight's debate. Never before have there been that many people so involved and so intrigued by a political debate. Never before has the country … [Continue reading]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. Michael frequently … [Continue reading]

Amazon Soars To The Chagrin Of These Two Companies

Hello MarketClub members everywhere. There is no doubt about it; Jeff Bezos has built a fantastic company. When he first started selling discounted books, he wanted to give his company a big name. The biggest thing he could think of at the time was … [Continue reading]

FOMC: Not Enough Inflation, Folks

By: Gary Tanashian of biiwii.com Not enough inflation.  That’s what the Fed is saying yet again. FOMC Statement “Inflation has continued to run below the Committee’s 2 percent longer-run objective, partly reflecting earlier declines in … [Continue reading]

The Trade Triangles Spotted Trouble With Wells Fargo 12 Months Ago

Hello MarketClub members everywhere. No doubt by now you have heard of all the problems Wells Fargo & Company (NYSE:WFC) is having in creating fictitious, and I would say illegal accounts. What you probably didn't know is the fact that the Trade … [Continue reading]

Preview Issue #2 - Mylan, Walgreens & IBB

INO Health & Biotech Stock Guide Preview Issue #2 - Sept 21st, 2016 BIOTECH, HEALTH & PHARMA NEWS Hillary Clinton has thrusted the drug pricing debate onto center stage once again after calling out Mylan for its aggressive price … [Continue reading]

'Gold vs.', Pre-FOMC

By: Gary Tanashian of biiwii.com We are well along in the precious metals correction and have downside targets for gold, silver and the miners.  In order for that to be a ‘buy’, the sector and macro fundamentals will need to be in order.  … [Continue reading]

Refinery Acquisitions Reduce Saudi Risks, Increase U.S. Energy Security Risks

A recent article noted that Saudi Arabia Is Buying Up America's Oil Assets. Saudi Aramco is buying U.S. refining and petrochemical assets as well as energy and technology companies through its Saudi Aramco Energy Ventures LLC fund. Congress has … [Continue reading]

Precious Metals Sector Downside Target on Friday's Market Rout

Technical analyst Clive Maund assesses the precious metals landscape after Friday's broad market selloff, and offers strategies for precious metals investors. After what happened on Friday, many Precious Metals sector investors are naturally … [Continue reading]

Stuck In The Twilight Zone

Hello MarketClub members everywhere. It would seem as though the markets are stuck in a twilight zone not knowing whether to go up or go down. This has been the case for a few months now and when we go through periods like this in the market, one has … [Continue reading]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. Michael frequently … [Continue reading]

© Copyright INO.com, Inc. All Rights Reserved.