FED Chair Jerome Powell
FOMC Press Conference
The FED is Expected to Remain Balanced Again
Starts Wednesday, January 29, 2020 at 19:30
Updated Wednesday, January 22, 2020
The Federal Reserve increased interest rates four times last year after doing exactly the same the year before and once in March this year. Although, the FED turned the tail for the second time in last month's meeting and cut interest rates again to 2.00%. They delivered another cut in October, but let us know that they they are done with rate cuts for the time being. Now there's uncertainty whether the next move will be another cut or a rate hike, as well as when it will come. Let's hope Powell's press conference should shed some light into that. 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.