Back to top

Real Time Insight

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

Minutes of the FOMC meeting held on September 17–18, 2013, revealed some more details about the Fed’s surprise decision to keep its asset purchase program intact.

Committee members agreed that the economy was expanding at a moderate pace but despite some improvement in labor market conditions, the employment rate remained high.

They also observed that consumer and business spending had increased and the housing sector was strengthening; but mortgage rates had risen further and fiscal policy was also restraining growth.

After taking into account the improvement in the economy and labor market conditions and the impact of fiscal retrenchment, all members except one decided to wait for more evidence of progress before making any change in the asset purchase program.

The decision to not taper was a relatively close call for several members and some were even concerned about the effectiveness of FOMC communications as financial markets were expecting a ‘tapering’.

Most participants were hopeful that the Fed could begin tapering this year and complete the program in mid-2014.

The more important Fed related news today is that Janet Yellen would be nominated as the central bank’s next chairperson.

The market expects a more accommodative Fed under her leadership.  Do think that her nomination means no tapering this year?

5 Stocks to Double in 2014

Today, you are invited to receive a free Special Report from Zacks Investment Research. It reveals five companies that could gain +100% and more in the next 12 months.

One is set to ride a little-known All-American energy boom. Another is a chip maker looking for big gains through Google Glass. Another could be the next alternative energy "Tesla."

Close This Panel X

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%