Economics
The Dark Art of Decoding Fed Minutes in Age of Transparency
Fed’s Limited-Time Offer in Money Markets May Be Hard to Cut Off
Ron Antonelli/BloombergThis article is for subscribers only.
Every six weeks, minutes of Federal Reserve policy meetings are tossed out to eager central bank watchers looking for fresh insights into officials’ thinking.
They appear at first blush to be a thorough and straightforward record of the to-and-fro that precedes each important Fed move. Don’t be fooled, say some former officials who helped produce the documents.