Monitor the US FOMC Press Conference for insights on future Fed monetary policies and market impacts.
This is one of the key ways the Federal Reserve informs investors about its monetary policy. It thoroughly discusses the factors that influenced the latest interest rate and policy decisions, as well as insights on economic conditions like future growth and inflation. Most importantly, it hints at potential future monetary policy changes. The press conference lasts about an hour and consists of two segments: a prepared statement followed by a Q&A session with the press. The questions often prompt unscripted responses that can lead to significant market volatility. The event is streamed live on the Fed's YouTube channel. This practice began in April 2011.
What it Measures
N/A
Usual Effect
A more hawkish stance than anticipated is favorable for the currency.
Source & Frequency
Federal Reserve (latest release) - https://www.federalreserve.gov/ • Held eight times each year.
How Data is Derived
N/A
Also Known As
Chair's Press Briefing
Acronym
Federal Open Market Committee (FOMC), Federal Reserve (Fed)