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What to expect from the July Fed minutes
How close is the Federal Reserve to tapering? Was the central bank having any second thoughts about making a first move at its meeting in September or were they just nailing down the details? Financial markets will be poring over the minutes of the Fed’s July meeting for clues on these key issues, when they are released at 2 p.m. on Wednesday. Avery Shenfeld, chief economist at CIBC World Markets, thinks that Fed watchers don’t need microscopes this month. Recent speeches by Chicago Fed President Charles Evans, St. Louis Fed president James Bullard, and Atlanta Fed President Dennis Lockhart have shed a lot of ... (full story)
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Give me patience