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The art of decoding FOMC minutes amid Fed transparency

The phrase "it was noted" most of the time referred to a comment from the chair but that might also lead to perilous assumptions.


LIKE fresh scraps of meat for a pack of hungry wolves, minutes of Federal Reserve policy meetings are tossed to central bank watchers every six weeks. They arrive three weeks after each session of the Federal Open Market Committee (FOMC) and, at first blush, appear to be a