Monitor the US FOMC Statement to gauge future monetary policy and interest rate trends, crucial for Forex and equity markets.
This is the main tool utilized by the FOMC to inform investors about its monetary policy. It includes the results of their interest rate votes and other policy decisions, along with insights on the economic conditions that influenced these choices. Crucially, it outlines the economic outlook and provides hints regarding future voting outcomes. The FOMC typically makes minor adjustments to the statement with each release, which is what traders pay close attention to.
What it Measures
N/A
Usual Effect
A more hawkish stance than anticipated is beneficial for the currency.
Source & Frequency
Federal Reserve (latest release) - https://www.federalreserve.gov/ • Released 8 times a year.
How Data is Derived
N/A
Also Known As
Interest Rate Statement, Fed Statement, Monetary Policy Statement
Acronym
Federal Open Market Committee (FOMC)