FOMC Press Conference
Event Date: Wednesday, April 28, 2021
Event Time: 18:30 CET
Updated Saturday, April 24, 2021
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. But coronavirus has turned the table upside-down and now there's uncertainty whether the next move will be another cut after the FED cut rates twice by 50 bps last year. Although, the US economy has rebounded well and is keeping up the pace of the recovery, so the we expect the FED to start giving some hawkish signs in the coming meetings. 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.