FOMC Press Conference

What is this event?

It’s among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

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)