The Globe and Mail reports in its Saturday, Aug. 1, edition that the recent meeting of the United States Federal Open Market Committee and a press conference by Federal Reserve Chair Kevin Warsh produced few surprises, as most economists anticipated the Fed would keep rates unchanged, despite three dissenting votes for a hike. The Globe's Andrew Galbraith writes that the Fed, however, introduced uncertainty in financial markets, leaving investors scrambling for clarity due to the lack of expected information. BMO economist Douglas Porter says Mr. Warsh's spoken commitment to controlling inflation was "accompanied by no real indication that any actions were on offer anytime soon." Some investors, however, say a return to a terse Fed may present an opportunity for actively managed investment strategies that are better able to navigate the new uncertainty. IG Wealth Management's Benoit Gauthier says the market is saying, "'Look, if we don't know, if we have less predictability, then I'm getting a premium for that.'" He calls the reaction to the Fed meeting "tightening without hiking." He says Fed meeting have turned into "theatre," with traders betting around clearly telegraphed outcomes.