Monitor Bowman's testimony for potential clues on future U.S. interest rate changes.
Scheduled to testify before the House Financial Services Committee in Washington, D.C., Federal Reserve FOMC members deliberate on the appropriate level for the nation's key interest rates. Their public appearances often provide subtle indicators about upcoming monetary policy directions. Notably, the FOMC voting member term runs from November 2018 to January 2034.
What it Measures
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Usual Effect
A more hawkish stance than anticipated tends to bolster the currency.
Source & Frequency
Federal Reserve (latest release) - https://www.federalreserve.gov/
How Data is Derived
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Also Known As
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Acronym
Federal Open Market Committee (FOMC)