Fed Mouthpiece Hilsenrath Confirms Fed "Cautious" But "Unalarmed" About Overseas Turmoil

``While a skim of the FOMC Minutes suggest the committee is balanced on when (or if) to raise rates, WSJ's Jon Hilsenrath has just provided some more color confirming that "Fed officials are cautious about overseas developments but appear unalarmed," suggesting their confident economic growth forecasts point to a September rate hike (unless the whole world collapses obviously).'' -- It's all "contained" of course -- ::snicker::...