FED Chair Jerome Powell
FOMC Press Conference
Dovish Tones Expected from the FED
Starts Wednesday, June 19, 2019 at 18:30
Updated Wednesday, June 12, 2019
The Federal Reserve increased interest rates four times last year after doing exactly the same the year before. Although, market analysts are expecting the FED to slow down the pace of rate hikes this year and in the years to come until it comes to a halt at some point. The FED has pointed at that with their comments, especially in last month's press conference after they hiked rates in December. But the US economy has weakened considerably in the last few months, joining the rest of the globe and we have heard different FED members point towards a rate cut in the near future. So, the market is expecting some really dovish comments today. If the FED is not too dovish or just cautious, expect the USD to rally. 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.