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Fed's Monetary Policy Statement

Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.

Most recent - Wednesday 3 May 2023 18:00

Next event - Wednesday 14 June 2023 18:00

The typical/expected impact on USD pairs is high.

Trading range

Past events

Date
Wednesday 3 May 2023 18:00
Wednesday 22 March 2023 18:00
Wednesday 1 February 2023 19:00
Wednesday 14 December 2022 19:00
Wednesday 2 November 2022 18:00
Wednesday 21 September 2022 18:00
Wednesday 27 July 2022 18:00
Wednesday 15 June 2022 18:00
Wednesday 4 May 2022 18:00
Wednesday 16 March 2022 18:00
Wednesday 26 January 2022 19:00
Wednesday 15 December 2021 19:00
Wednesday 3 November 2021 18:00
Wednesday 22 September 2021 18:00
Wednesday 28 July 2021 18:00
Wednesday 16 June 2021 18:00
Wednesday 28 April 2021 18:00
Wednesday 17 March 2021 18:00
Wednesday 27 January 2021 19:00
Wednesday 16 December 2020 19:00
Thursday 5 November 2020 19:00
Wednesday 16 September 2020 18:00
Wednesday 29 July 2020 18:00
Wednesday 10 June 2020 18:00

Economic context

Recent economic data has been broadly neutral for USD. The following recent announcements may affect the market reaction to Fed's Monetary Policy Statement:

PreviousLatest
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4.4%4.3%
Labor Force Participation Rate(no change)62.6%62.6%
Nonfarm PayrollsBullish change294K339K
U6 Underemployment RateBearish change6.6%6.7%
Unemployment RateBearish change3.4%3.7%
ISM Manufacturing Employment IndexBullish change50.251.4
ISM Manufacturing New Orders IndexBearish change45.742.6
ISM Manufacturing PMIBearish change47.146.9
ISM Manufacturing Prices PaidBearish change53.244.2
S&P Global Manufacturing PMIBearish change48.548.4
Initial Jobless ClaimsBearish change230K232K
Initial Jobless Claims 4-week averageBullish change232K229.5K
Nonfarm ProductivityBullish change-2.7%-2.1%
Unit Labor CostsBearish change6.3%4.2%
ADP Employment ChangeBearish change291K278K
Chicago Purchasing Managers' IndexBearish change48.640.4
Housing Price Index (MoM)Bearish change0.7%0.6%
S&P/Case-Shiller Home Price Indices (YoY)Bearish change0.4%-1.1%
Michigan Consumer Sentiment IndexBullish change57.759.2
UoM 5-year Consumer Inflation ExpectationBearish change3.2%3.1%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.3%0.4%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change4.6%4.7%
Durable Goods OrdersBearish change3.3%1.1%
Durable Goods Orders ex DefenseBearish change3.2%-0.6%
Durable Goods Orders ex TransportationBearish change0.3%-0.2%
Nondefense Capital Goods Orders ex AircraftBullish change-0.6%1.4%
Personal Income (MoM)Bullish change0.3%0.4%
Personal SpendingBullish change0.1%0.8%
Pending Home Sales (MoM)Bullish change-5.2%0%
Chicago Fed National Activity Index Bullish change-0.370.07
Core Personal Consumption Expenditures (QoQ)Bullish change4.9%5%
Gross Domestic Product AnnualizedBullish change1.1%1.3%
Gross Domestic Product Price IndexBullish change4%4.2%
Initial Jobless ClaimsBearish change225K229K
Initial Jobless Claims 4-week average(no change)231.75K231.75K
Personal Consumption Expenditures Prices (QoQ)(no change)4.2%4.2%
New Home Sales (MoM)Bullish change0.656M0.683M
S&P Global Composite PMIBullish change53.454.5
S&P Global Manufacturing PMIBearish change50.248.5
S&P Global Services PMIBullish change53.655.1

About Fed's Monetary Policy Statement

Country:United States
Currency:USD
Source:Federal Reserve
Category:Central Banks
Frequency:Irregular

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