United States USD

United States 2019 US Monetary Policy Forum

Impact:
Medium
Source: Federal Reserve

Next Release:

Date:
Period:
What Does It Measure?
The 2019 US Monetary Policy Forum measures the effectiveness of monetary policy in the United States, primarily focusing on interest rates, inflation expectations, and overall economic stability. It provides insights into how policymakers assess monetary tools' influence on economic growth, price stability, and employment levels.
Frequency
The forum occurs annually, with reports typically released shortly after the event, containing both preliminary discussions and insights that may be refined over time.
Why Do Traders Care?
Traders focus on the discussions and outcomes of the Monetary Policy Forum because they can signal shifts in monetary policy, which in turn influence key financial markets such as currencies, bonds, and equities. Anticipated changes in interest rates or inflation outlooks can lead to immediate adjustments in asset pricing due to the connection with economic growth forecasts.
What Is It Derived From?
The insights from the Monetary Policy Forum are derived from presentations and discussions among top economists, central bank officials, and market practitioners. The evaluation includes both qualitative analyses and quantitative data, often employing econometric models and surveys to gauge economic sentiment and expectations.
Description
The event features various expert panel discussions elucidating monetary policy challenges and strategies, placing a strong emphasis on current economic data while also considering historical trends and forecasts. Preliminary reports shared soon after the forum may provide immediate insights, but the finalized reports are based on more comprehensive analyses and reflect nuanced perspectives on policy implications.
Additional Notes
This forum serves as a coincident economic measure, reflecting the contemporary state of monetary policy and economic conditions. It is relevant to broader economic trends as it often highlights the US economic landscape's interconnectedness with global monetary policies and economic indicators.
Bullish or Bearish for Currency and Stocks
Without specific numerical forecasts from the forum, the precise bullish or bearish impact on the currency and stocks remains general and interpretative; however, any signals indicating a hawkish tone could lead to a bullish outcome for the US Dollar while potentially being bearish for stocks due to concerns over rising interest rates. Conversely, if the discussions suggest a dovish approach, it might be bearish for the Dollar while bullish for equities due to lower borrowing costs being perceived as positive for corporate growth.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise