This report would seem to show that FED action, or more accurately the anticipation there of, significantly distorts the U.S. and world stock markets. Now this is not a surprise to those here on this board, but I find it boderline shocking that this would be reported by a Federal Reserve Bank itself. I’m sure this will just end up changing the way they make these announcements, if it has any impact at all.
Still, I find this to be something that could be used rather effectively in debates.