FED Chair Jerome Powell Speaks
FOMC Press Conference
Press Conference After the 4th Rate Hike This Year
Starts Tuesday, December 18, 2018 at 17:57
Updated Monday, December 17, 2018
The Federal Reserve is expected to hike interest rates again this month which would make it the fourth hike this year. The pace of rate hikes has been pretty heightened during the last two years but the market has come to the conclusion that the FED might slow the pace next year. So, it will be interesting for forex traders to hear what Chairman Jerome Powell has to say about it. Both the statement and the press conference will be interesting. Please follow us for live coverage of this event by experienced market analysts.
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About FOMC Press Conference
The FOMC Press Conference is a crucial event on the economic calendar. It is the public release of decisions made by the policymaking portion of the U.S. Federal Reserve (FED), the Federal Open Market Committee (FOMC). Upon the conclusion of an official FOMC meeting, the monetary policy decisions facing the USD are made public via press conference.Each FOMC Press Conference is delivered by the acting FED chair and presented to media outlets in a public forum. Statements issued by FED chair are written in advance, with printed transcripts available.Markets are highly sensitive to the FOMC press conference. Policy matters, economic forecasts, as well as the actual verbiage used are interpreted by traders and investors in a myriad of ways. Tone, content, and the type of language used by the FED chair is capable of sending USD valuations in any direction.