I've been wondering lately why the reasoning behind "surprising" the market with rate changes is?
It seems to me that open-data driven scheduled adjustments is a far superior plan. The inputs (and algorithm/outputs) are public.
Is there an obvious downside to this I am missing? Opportunity for arbitrage from bad actors? This concept seems more resilient and less volatile than the black-box method currently employed.
Telegraphed Fed Rate Changes
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