The Fed releases policy decisions (e.g. no interest rate chnane) and economic projections (e.g future stance) at 2pm. So the market can react even before Powell spells it out explicitly and adds nuance.
“The Fed releases policy decisions (e.g. no interest rate chnane) and economic projections (e.g future stance) at 2pm.”
Like I said. But the Fed doesn’t issue projections.
Since everyone knew what the feds were to report at 2PM, why did the market rally at 2PM?