"I have never been more in the dark," writes Caroline Baum of the Fed's new transparency. Fed...

|By:, SA News Editor

"I have never been more in the dark," writes Caroline Baum of the Fed's new transparency. Fed funds futures are pricing in hikes in 2013 even as the Bank of Bernanke pledges to sit on rates through late 2014. Inflation isn't paying attention to the Fed either, remaining above 2% even as the bank's models predict otherwise.