Policy impact of unexpected Fed rate movements blurred by key information cues

Abstract: Unexpected Federal Reserve monetary policy moves can profoundly affect market participants, investors and the economy. The impact of policy stems not only from its direct effects—the traditional focus for economists—but also from the new information revealed about the Fed’s economic outlook.

Keywords: banking; finance; econometrics; forecasting; monetary policy;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2023-08-22