WTI Crude: The FOMC’s ECB Envy. 11Sep

Our economic release studies plotting Q2 FOMC behavior for London & NY Sessions.
Like the ECB effect, the FOMC reactions are noticeably higher in the NY Session v London, 
certainly not counterintuitive given FOMC release time. 

Interestingly, the ECB has had a more significant effect on price volatility 
in WTI than FOMC in 2012 (especially in Q1), (here) & (here).

Of key interest is the shift in volatility during the NY Session 

as a result of the addition of press conference following the statement release.

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