The market will try to see clues in even the most mundane activities of the Federal Reserve. Case in point: the central bank just tested a new conference call capability, and had to assure everyone the move contained no hidden clues to Yellen’s next move.
“The U.S. central bank held a conference call with reporters on Wednesday to test the system, a new technology that uses a PIN identifier to limit the number of phone lines to one per authorized media outlet,” note a Reuters report.
Said one Fed spokesperson: “To be clear, this test is not signaling any planned future FOMC action. It is simply a test.”
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