The Fed announced today at 2:15pm they would not drop interest rates, mentioned little about the mortgage debacle, and said fighting inflation was primary.
As an active options trader, I was watching Bloomberg for the announcement in one window and the real-time Dow Jones average in another. At precisely 2:15pm Bloomberg released a detailed story and the Dow dropped sharply.
Thus, the Bloomberg story had to have been written ahead of time with reporters having advance notice of the Fed decision. So, I wonder, how do they isolate reporters and embargo the story until the release time? Knowing in advance of a closely-watched Fed decision like this one could quite literally make you huge amounts of money in just a few minutes.