Alice N. Sanders
All posts from Alice N. Sanders
Alice N. Sanders in US Markets,

The Fed is handcuffing itself. Here's how

Wall Street is in the throes of a wild guessing game. The question on everyone's minds: September or December?

That's because the U.S. Federal Reserve has said that its historic rate hike will come this year. And Wall Street has pinned its hopes on exactly those two months.

Few believe it could be October. That's not because Fed chief Janet Yellen is afraid of Halloween.

It's entirely because unlike its September and December meetings, the Fed doesn't hold a press conference following its October meeting. Investors know that these televised events -- which occur just four times a year -- are the perfect time for Yellen to carefully explain to the world the rationale behind key decisions that could rattle financial markets.