Article ID Journal Published Year Pages File Type
965522 Journal of Macroeconomics 2012 18 Pages PDF
Abstract
► We examine how economic news affects expected changes in the Fed's interest rate target. ► The size of news effects depends on the timing of FOMC meetings. ► News of a stronger economy or higher inflation increases the expected change in the target. ► News is only slowly reflected in futures prices. ► The effect of news appears to depend on the state of the economy.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The impact of economic news on expected changes in monetary policy
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