FED-WATCHING IS OVERHYPED
If you are one of those who is looking for clues from the Federal Reserve as to the direction of the markets, forget it. You are too late.
Too many people think that the latest Fed minutes will give them some indication of what to expect from the markets. Those same people think that the Fed actually has a strategy and that they are “managing the economy” with the intention of pursuing what is best financially and economically for the country.
Wake up! The Federal Reserve does not exist and operate with the intention of acting in our best interests financially, economically, or in any other way.