Fed translation: what Fed Chair Powell's really saying

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Dear Profit Alerts Member, This week's FOMC meeting may have seemed uneventful, but it confirmed two key facts: The Fed is more interested in boosting the markets than supporting the economy. It's going to fail at both. Even though the economy is steady, the Fed said it has a less optimistic outlook on the economy than it did in May and deleted the word "patient" from its policy approach. Now half of its members are calling for a rate cut this year. If you think all of that is a natural response to the healthiest economy on the planet, I've got a bridge to sell you. Capital Wave Strategist Shah Gilani called the Fed's dovishness before the FOMC meeting even started, but he made another critical prediction as well: Even with the Fed doing everything it can to juice the markets, one event could bring it all crashing down. It goes counter to everything the media is saying, and both the stock and bond markets have failed to price it in. Click here to see what Shah knows that everyone else seems to be missing. Just by clicking, you'll automatically get Shah's future Wall Street Insights and Indictments, so you can stay up to date on the real story behind the markets. Sincerely, Kerri Shannon Publisher, Money Morning Profit Alerts To unsubscribe from Money Morning Profit Alerts emails click here. © 2019 Money Morning All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any recommendations in this letter should be made only after consulting with your financial adviser and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Morning. 1125 N Charles Street, Baltimore, MD 21201. To read our privacy policy click here. To contact Customer Service click here.