10 July 2013

Give Me a Minute

The June Fed (FOMC, Federal Open Market Committee, which sets the Fed Funds rate) meeting minutes (which they really aren't) have been posted (here's the wiki describing the FOMC). Given that the Fed's intentions have been roiling the economy since then, it is instructive to have a read. This is the sort of Black Swan event that gives quants the heebie jeebies: how to stuff the information into some logistic regression model, or such? Hehe. Policy always trumps data.

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