How to Pick Apart a Fed Announcement for Profit

The Federal Open Market Committee (FOMC or The Fed) meets eight times a year. At the end of these two-day affairs, precisely at 2 p.m. the “Statement” is read, preceded by a one sentence report on whether or not intersest rates (the Fed Funds Rate) is changed.

Unless a surprise happens with the interest rate announcement, traders and analysts look to the language contained in the Fed’s page and a half statement for indications of the august body’s thoughts on the health of the economy, and what they might be doing with monetary policy in the future.

It’s such a popular thing to do, that many financial sites post marked up documents comparing the previous and current statements word-by-word.

I believe it would be useful for us to see why the global markets have traded up since the Fed released their most current statement.

Let’s take a quick paragraph-by paragraph review of the document and translate what the Fed-speak really means

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Happy Saturday to you! I just want to take a few minutes today to update you on what’s been going on in the market.

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And finally, we’ll look at some of the best performing sectors to see where our best profit opportunities are coming from.

Click here to watch.

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