United States USD

United States Fed Waller Speech

Impact:
Medium
Source: Federal Reserve

Next Release:

Date:
Period:
What Does It Measure?
The United States Fed Waller Speech measures the insights and perspectives of Federal Reserve Board Governor Christopher Waller regarding current and future economic conditions and monetary policy. It primarily focuses on themes such as inflation, employment, interest rates, and potential adjustments in monetary policy stance, influencing market expectations directly.
Frequency
The speech is not released on a regular schedule; it occurs as Waller engages with various audiences, with no fixed frequency, offering insights that can be either preliminary assessments or more established views.
Why Do Traders Care?
Traders care about Fed Waller's speech because it provides important clues about the Federal Reserve's monetary policy direction, which can significantly impact financial markets, particularly bonds and equities. A hawkish or dovish tone can influence currency values, with expectations of interest rate changes shaping market behavior.
What Is It Derived From?
The insights provided in the speech are derived from economic analyses, personal observations, and discussions about broader economic trends, informed by data collected by the Federal Reserve and various research institutions. Waller formulates his views based on a range of economic indicators and forecasts that reflect current financial conditions.
Description
The speech has no preliminary or final report distinction since it is a spoken presentation rather than a data release. It serves as a direct communication from a key Federal Reserve official, discussing immediate and longer-term economic concerns, typically reflecting the prevailing economic environment and policy considerations without the uncertainties that often accompany statistical releases.
Additional Notes
Waller's speech often serves as a coincident indicator, reflecting the prevailing economic sentiment and providing context that is useful for understanding broader economic trends. Analysts and market participants view his comments in relation to other economic indicators to gauge the health of the economy and the potential trajectory of monetary policy.
Bullish or Bearish for Currency and Stocks
A hawkish tone: Signaling higher interest rates or inflation concerns, is usually good for the USD but bad for Stocks due to higher borrowing costs.

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