Nick Timiraos said the Federal Reserve shift toward a tightening cycle is a period when forward guidance can play a key role, according to BlockBeats.
Historical example dates to 1999
The report traces forward guidance history to a May 1999 policy statement after a meeting that left rates unchanged. The Federal Reserve raised rates six weeks later, according to the cited historical account. The flash provides historical context and does not announce a current Federal Reserve decision.
Read the English BlockBeats flash (original Chinese: BlockBeats flash).