Findings from Abu Dhabi University Yields New Findings on Investment (Do Economic Projection Meetings Reduce the Information Effect of Monetary Policy Announcements? Evidence From High-frequency Fomc Event Windows): Investment

2026 JUL 30 (NewsRx) -- By a News Reporter-Staff News Editor at Middle East Daily -- Researchers detail new data in Investment. According to news reporting from Abu Dhabi, United Arab Emirates, by NewsRx journalists, research stated, “We examine whether U.S. Federal Open Market Committee (FOMC) meetings that include a Summary of Economic Projections (SEP) are associated with systematically different highfrequency co-movement between interest rates and equity prices.”

Financial support for this research came from Deanship of Scientific Research, Imam Mohammad Ibn Saud Islamic University (IMSIU).

The news correspondents obtained a quote from the research from Abu Dhabi University, “Using the recent U.S. Monetary Policy Event-Study Database (USMPD) and standardized intraday windows around FOMC communications, we classify an event as an ‘information shock’ when a short-horizon rate surprise proxy and the S&P 500 move in the same direction. In the 30-minute statement window, SEP meetings are about 14-15 percentage points less likely to produce information-shock comovement than non-SEP meetings. Press-conference windows show no meaningful SEP differences, and the combined statement-plus-press-conference window yields smaller and statistically insignificant gaps.”

According to the news reporters, the research concluded: “Our results suggest that the institutional SEP package is associated with a more policy-like market response at the moment of the statement release.”

This research has been peer-reviewed.

For more information on this research see: Do Economic Projection Meetings Reduce the Information Effect of Monetary Policy Announcements? Evidence From High-frequency Fomc Event Windows. Finance Research Letters, 2026;103. Finance Research Letters can be contacted at: Academic Press Inc Elsevier Science, 525 B St, Ste 1900, San Diego, CA 92101-4495, USA. (Elsevier - www.elsevier.com; Finance Research Letters - http://www.journals.elsevier.com/finance-research-letters/)

Our news journalists report that additional information may be obtained by contacting Charilaos Mertzanis, Abu Dhabi University, Abu Dhabi, United Arab Emirates. Additional authors for this research include Naif Alsagr and Asma Houcine.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.frl.2026.110145. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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