Fed concerned about early trading after meeting
By MARTIN CRUTSINGER AP Economics Writer September 24, 2013 1:50PM
Updated: September 24, 2013 1:50PM
WASHINGTON (AP) — The Federal Reserve is concerned about suspiciously heavy trading of gold futures after its meeting last week that may have been triggered by a premature release of market-sensitive information.
In a statement, the central bank said that news organizations that receive embargoed information from the Fed agree to withhold information until the time set for its release. The Fed statement said, “We will be conducting follow-up conversations with news organizations to ensure our procedures are completely understood.”
After the meeting, the Fed said it would hold off on slowing its $85-billion-a-month in bond purchases. That surprised markets and led to a huge afternoon of trading.
