In an interview with Sky Business News on December 17, Dr Vincent Grégoire discussed why expectations of an increase in USA interest rates were higher than ever since the GFC. He says markets are now expecting important policy announcements on days with press conferences.

Dr Grégoire said that the Fed doesn't want to surprise the market however, the market now expects major decisions to be made only on meeting dates that coincide with press conferences.  This interview discusses the research conducted by University of Melbourne, Arizona State University and the University of British Columbia.