Finance Week Ahead: Focus on the Fed
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Another volatile trading week has come to an end, with the major U.S. indices in the red overall and the Dow on Friday seeing its fourth straight day of triple-digit swings. Central bank concerns, from lack of further Bank of Japan action to continued worries over the timing of Fed tightening, led the way; Japan's Nikkei also saw some serious action, plunging to officially enter bear market territory on Thursday before recovering a bit on Friday, while the yen soared against the dollar.
"Central banks are powerless!" cried Yahoo! Finance Breakout's Jeff Macke this week as he and Matt Nesto discussed how the Japanese crash mocks central bank intervention. But the Fed will rule next week as well, as the two-day policy meeting gets under way on Tuesday. Be sure to join our Breakout! team for special live coverage on Wednesday, straight from Yahoo! studios in midtown Manhattan. One not-to-miss feature of this live event: Yahoo! Finance columnist Rick Newman will tell us how Fed Chief Ben Bernanke cost him thousands of dollars. Really. You'll have to tune in to get the details, beginning at 3:45 p.m. ET.
Next week we'll also have guest David Stockman, former budget director under President Ronald Reagan, back on The Daily Ticker, talking about the Fed, budget issues and the general "corruption of capitalism" in the U.S. To refresh your memory, the last time he was on, he told us all, "There are bubbles all over, hide in cash!"
Here's everything else you should look out for in the next week:
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