Federal Funds Rate & Statement

/Federal Funds Rate & Statement

july, 2019

31jul6:00 pm6:00 pmFederal Funds Rate & StatementIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS6:00 pm - 6:00 pm UTC Event Type :High Impact Time has ran out! Better luck next time!

Event Details

What is this event?

Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.

Measures

The interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Scheduled 8 times per year.

Source of Data

Federal Reserve (latest release)

Time

(Wednesday) 6:00 pm - 6:00 pm

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