All Eyes Are on Kevin Warsh: 1 Reason the Federal Reserve's Actions Don't Matter to Long-Term Investors.
Those who stay patient and disciplined, while ignoring the noise, will find that the market stacks the odds in their favor.
Overview
As of this writing on the afternoon of July 28, the Federal Reserve is in the middle of its policy meeting. According to trading activity used by the CME Group's FedWatch tool, there is a 68.5% probability that the fed funds rate will stay unchanged. It's currently within 3.5% and 3.75%.
The central bank, and new chair Kevin Warsh, seemingly get all the attention these days. This can make the average investor's head spin. But here's one reason why the Federal Reserve's actions don't matter to long-term market participants.
Kevin Warsh, Fed Chair. Image source: Federal Reserve.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.