Interactive
A close reading of the most recent FOMC statement. The Scholar identifies the changes from the prior statement, interprets the policy signal, and compares the market reaction to the statement's language.
Parameters
- — The current FOMC statement and the immediately preceding one.
- — The current Summary of Economic Projections.
- — A record of market moves in Treasuries and equities in the hour after release.
Expected
The Scholar produces a redlined comparison of the two statements, a one-paragraph interpretation of the policy signal, and a short note on whether the market's initial reaction seemed proportionate to the language changes.
Interactive
A working model the Scholar operates to build intuition.