Monetary Policy and the Federal Funds Futures Market
Events rarely unfold exactly as we foresee them. In the monetary policy arena, for example, the timing and intensity of specific actions can be difficult to anticipate. Following a 15-month period during which no policy action was taken, the Federal Open Market Committee (FOMC), the central bank’s policymaking arm, embarked on a series of moves that has raised money market interest rates seven times since January 1994.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.
This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International
- Share