WSJ's Fed mouthpiece Jon Hilsenrath - whose embargo-assisted lightspeed typing and proofing was amusingly frontrun by someone else this afternoon - is out with his take on the Fed minutes, which some feared would be rendered less meaningful thanks to the currency market turmoil that's unfolded since the data-dependent FOMC's July meeting. In an effort to cut through any confusion and extract some hints about what is or isn't coming in September, Hilsenrath digested the minutes, peered into his crystal ball, and came up with the following. The Federal Reserve’s next policy meeting is four weeks away and officials show ... (full story)