The Fed Can Act Between Its Scheduled Meetings—and Markets Often Miss It

The Fed Can Act Between Its Scheduled Meetings—and Markets Often Miss It

The Federal Reserve's eight annual FOMC meetings form its public schedule. But the Committee can call emergency sessions anytime, a power most traders ignore. March 2020 proved it: the Fed cut rates by phone vote mid-schedule. Most rate hedges and derivatives bets cluster around those eight fixed dates, leaving traders exposed to surprise moves.

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