Decoding Fed's statements requires experts

According to this article published Sunday 2 July, trying to decipher the Federal Reserve's policy statements can be like trying to understand hieroglyphics.

"Experts are needed to translate the symbols or pictures used in ancient Egypt, and the same is true for Fed-speak," the AFX article says.

The Fed is deliberately vague in its FOMC statement following interest rate decisions, leaving itself some "wiggle" room, it says.

"Fed statements also are difficult to understand because they represent