Definition
The stretch around each Fed meeting when officials don't speak publicly about policy, starting the second Saturday before the meeting.
The story
For about ten days before a decision, the Fed goes quiet. No speeches, no interviews about rates. That silence means the data released in those days, like a CPI (Consumer Price Index) or jobs report, has the stage to itself.
Why markets watch it
With no Fed comments to lean on, data releases carry more weight.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms