Monday - February 23, 2026
New York Fed: 'Interest Rate Surprises When the Fed Doesn't Speak'
February 07, 2026
NEW YORK, Feb. 7 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1178) in Feb. 2026 by Silvia Miranda-Agrippino and John C. Williams entitled "Interest Rate Surprises When the Fed Doesn't Speak."

Here is the abstract:

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The predictability of monetary policy surprises based on past, public information has been interpreted in two related yet fundamentally different ways. The "Fed information eff . . .

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