The Fed released the minutes of its October meeting last week. Because of the holiday, most of us missed it. But there was some important stuff here that reaffirmed my view of what the Fed is doing and why.
So here’s a look at what the Fed says was said at the meeting–not what was actually said. The meeting minutes are propaganda, designed to get across the Fed’s main narrative. The actual words of the participants (supposedly) won’t be released until 5 years hence. The Fed wants you to know what it wants you to know. Usually that’s not the same thing as what it actually knows, but it’s still important.
As always, their real message is cloaked in doublespeak and obfuscation.
And that message has direct implications for your money (which is why they don’t want you to understand it).
Fortunately, your trusty Fed watchdog (me!) is here to translate for you…
The post The Fed’s Latest Meeting Minutes Have a Secret Message – Let Me Translate appeared first on Lee Adler’s Sure Money.
The post The Fed’s Latest Meeting Minutes Have a Secret Message – Let Me Translate was originally published at The Wall Street Examiner. Follow the money!