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FOMC 2025 — SPX vs Expected Move

17 of 17 events completed · 3 meetings, 4 minutes exceeded the expected move

MEETINGS EXCEEDING EM
3 of 9
33% beat the expected move
MINUTES EXCEEDING EM
4 of 8
50% beat the expected move
EVENTS COMPLETED
17 of 17
avg EM $54.02 · avg move $56.62
How to read this table. Each row is one scheduled Fed event. EM is the expected move published before the event. Actual is the close-to-close change (event-day close minus prior trading day close). The vs EM column shows how far the move reached: a red marker + red ratio means the move met or exceeded the expected move (abs(actual) >= EM) — that's the notable event.

All FOMC Events — 2025

Event Pre close EM Post close Actual vs EM
FOMC · Jan 29 $6,067.70 $40.86 $6,039.31 −$28.39 0.69x
Minutes · Feb 19 $6,129.58 $28.08 $6,144.15 +$14.57 0.52x
FOMC · Mar 19 $5,614.66 $60.62 $5,675.29 +$60.63 1.00x
Minutes · Apr 9 $4,982.77 $181.12 $5,456.90 +$474.13 2.62x
FOMC · May 7 $5,606.91 $64.25 $5,631.28 +$24.37 0.38x
Minutes · May 28 $5,921.54 $38.08 $5,888.55 −$32.99 0.87x
FOMC · Jun 18 $5,982.72 $67.61 $5,980.87 −$1.85 0.03x
Minutes · Jul 9 $6,225.52 $32.52 $6,263.26 +$37.74 1.16x
FOMC · Jul 30 $6,370.86 $40.00 $6,362.90 −$7.96 0.20x
Minutes · Aug 20 $6,411.37 $31.68 $6,395.78 −$15.59 0.49x
Jackson Hole · Aug 22 $6,370.17 $57.31 $6,466.91 +$96.74 1.69x
FOMC · Sep 17 $6,606.76 $52.07 $6,600.42 −$6.34 0.12x
Minutes · Oct 8 $6,714.59 $37.25 $6,753.72 +$39.13 1.05x
FOMC · Oct 29 $6,890.89 $41.20 $6,890.59 −$0.30 0.01x
Minutes · Nov 19 $6,617.33 $67.18 $6,642.18 +$24.85 0.37x
FOMC · Dec 10 $6,840.51 $45.98 $6,886.80 +$46.29 1.01x
Minutes · Dec 31 $6,896.24 $32.47 $6,845.50 −$50.74 1.56x

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