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 broadly neutral for USD. The following recent announcements may affect the market reaction to FOMC Press Conference:
Previous | Latest | ||||
---|---|---|---|---|---|
Factory Orders (MoM) | Bearish change | 0.5% | -0.4% | ||
S&P Global Composite PMI | Bearish change | 56.6 | 55.4 | ||
ISM Manufacturing Employment Index | Bearish change | 48.1 | 45.3 | ||
ISM Manufacturing New Orders Index | Bullish change | 50.4 | 52.5 | ||
ISM Manufacturing PMI | Bullish change | 48.4 | 49.3 | ||
ISM Manufacturing Prices Paid | Bullish change | 50.3 | 52.5 | ||
Initial Jobless Claims | Bullish change | 220K | 211K | ||
Housing Price Index (MoM) | Bearish change | 0.7% | 0.4% | ||
Pending Home Sales (MoM) | Bullish change | 1.8% | 2.2% | ||
Chicago Purchasing Managers' Index | Bearish change | 40.2 | 36.9 | ||
Initial Jobless Claims | Bullish change | 220K | 219K |
Country: | United States |
---|---|
Currency: | USD |
Source: | Federal Reserve |
Category: | Central Banks |
Frequency: | Irregular |