At the Fed, policy announcements, speeches and economic reports are carefully choreographed and typically released at a specific time to keep a tight lid on market-moving information. On the second day of the FOMC, journalists are kept in what is referred to as “lockup” at the Fed to avoid any leaks. Fed officials send many signals to the markets throughout the month, making it easy to pre-write stories and headlines ahead of the FOMC release. But the mood in the room intensifies once the actual policy statement and accompanying projections are handed to reporters via hardcopy and CD at 1:30 pm. In an instant, billions, if not trillions, of dollars traded on the news that the Fed expects another interest rate hike by year-end.

Source: bd News24 September 22, 2017 04:18 UTC