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Minutes to help crack code of Fed rate strategy

From marketwatch.com

Traders were not sure what to make of the last press conference from Federal Reserve Chairwoman Janet Yellen. Was she setting the stage for a rate hike in September or suggesting the central bank was more likely to wait until the winter for a move? You can find economists and investors in both camps. Minutes of the meeting, due Wednesday, could help decipher the U.S. central bank’s code, Fed watchers said. Also read: Fed will be scrambling to catch up with improving economy, forecaster says Michael Gapen, chief U.S. economist at Barclays, said the Fed’s June meeting was “a tale of two meetings.” One message sent by ... (full story)

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