Everyone knows the Fed will not be announcing any imminent tightening, but that won’t stop traders from going wacky in the minutes after the widely anticipated FOMC “news” comes at 2:00 p.m. As always, the central bank will leave enough room for the nitwads who presume to read Fed tea leaves to infer that there’s room for tightening later this year if necessary.  At that point, tightening will be about as necessary as mustard gas at a PTA bake sale.