Fed minutes ‘significantly affect’ US asset prices
The release of Federal Open Market Committee (FOMC) minutes "significantly affects" the price volatility and trading volume of US assets, according to research published by the Federal Reserve Bank of New York.
In The Financial Market Effect of FOMC Minutes, Carlo Rosa examines the real-time response of US asset prices – including Treasury rates, stock prices, and dollar exchange rates – to the information contained in the FOMC minutes.
While the impact of the minutes is "economically and
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