<html><body><p>Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data <a href="https://quotes.tuteehub.com/tag/surprises-4059" style="font-weight:bold;" target="_blank" title="Click to read more quotes about SURPRISES">SURPRISES</a> typically induce <a href="https://quotes.tuteehub.com/tag/changes-215" style="font-weight:bold;" target="_blank" title="Click to read more quotes about CHANGES">CHANGES</a> in market expectations about the likely future path of policy, resulting in movements in bond yields that <a href="https://quotes.tuteehub.com/tag/act-416" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ACT">ACT</a> to <a href="https://quotes.tuteehub.com/tag/buffer-8889" style="font-weight:bold;" target="_blank" title="Click to read more quotes about BUFFER">BUFFER</a> the economy from shocks.</p></body></html>

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Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data SURPRISES typically induce CHANGES in market expectations about the likely future path of policy, resulting in movements in bond yields that ACT to BUFFER the economy from shocks.

Author - Janet Yellen Subject - Movements

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Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data SURPRISES typically induce CHANGES in market expectations about the likely future path of policy, resulting in movements in bond yields that ACT to BUFFER the economy from shocks.

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Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data SURPRISES typically induce CHANGES in market expectations about the likely future path of policy, resulting in movements in bond yields that ACT to BUFFER the economy from shocks.

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