Chicago Fed Study Shows Market Adjusts Only 5bp When SEP Forecasts 25bp Higher Than Expected
According to Nick Timiraos, the Chicago Federal Reserve recently released a paper on Fed policy rate projections, showing that when the median SEP forecast for the federal funds rate exceeds market expectations by 25 basis points, implied market rates (OIS forwards) move only about 5 basis points on
GateNews·09-14 03:11
