The Federal Open Market

Committee (FOMC) meets eight

days a year to determine monetary

policy. Over time, the Liberty Street

Economics blog noticed that

US equity returns increased

significantly in the 24 hours before

each FOMC meeting. Intrigued?

So were we. What would your

return have been if you just traded

on the eight FOMC days in 2015?

FOMC Announcement DriftIndex

Year

Source: Bloomberg, Liberty Street Economics