The press conference of the Federal Open Market Committee takes place 30 minutes after the Fed's interest rate decision, and has two parts: a pre-prepared statement followed by open questions. Even if the Fed has left rates unchanged, or a change has been anticipated by the market, unexpected remarks during the press conference can still lead to a large market reaction.
The typical/expected impact on USD pairs is high.
Recent economic data has been strongly bearish for USD. The following recent announcements may affect the market reaction to FOMC Press Conference:
Previous | Latest | ||||
---|---|---|---|---|---|
Philadelphia Fed Manufacturing Survey | Bearish change | 23.2 | -12.8 | ||
NY Empire State Manufacturing Index | Bullish change | -8.7 | 10.7 | ||
Michigan Consumer Expectations Index | Bearish change | 51.7 | 51.2 | ||
Michigan Consumer Sentiment Index | Bearish change | 55.1 | 55 | ||
UoM 1-year Consumer Inflation Expectations | Bearish change | 4.7% | 4.6% | ||
UoM 5-year Consumer Inflation Expectation | (no change) | 3.7% | 3.7% |
Country: | United States |
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Currency: | USD |
Source: | Federal Reserve |
Category: | Central Banks |
Frequency: | Irregular |