As a trader I really want this Hilsenrath bloke – who seems to be the mouth of the Fed – to be wrong dead wrong. Why? Because the notion that one journo in the whole world gets back grounded by the fed above all others is to me a disgrace and meddles with the interaction of markets and central bank governors. If the Fed has something to say – then say it. If Hilsenrath is just a damn good guesser then we need him to get it wrong so he stops moving markets. Anyway overnight the market voted for the status quo from the FOMC tomorrow morning based largely on Hilsenrath writing that the FOMC won’t change its language ... (full story)