United States USD

United States Fed Hammack Speech

Impact:
Medium
Source: Federal Reserve

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
The Fed Hammack Speech measures the insights and perspectives of a Federal Reserve official on current economic conditions and monetary policy. It primarily focuses on aspects like inflation expectations, employment rates, and general economic growth, assessing the overall economic landscape and its potential impact on future monetary policy.
Frequency
The Fed Hammack Speech is delivered at irregular intervals, typically on a quarterly basis, and is considered a one-time event without preliminary or final versions, appearing as an immediate reflection of the speaker’s views.
Why Do Traders Care?
Traders pay close attention to the Fed Hammack Speech because it can signal potential shifts in monetary policy, influencing interest rates and overall market sentiment. Its timeliness can lead to significant volatility in currencies like the USD, equities, and bonds as investors recalibrate their expectations in light of the insights shared.
What Is It Derived From?
The speech is derived from the personal assessments and analyses of the Federal Reserve official, incorporating current economic data, trends, and forecasts. No specific survey or respondent group is involved in deriving its content, as it reflects the official’s independent judgment and interpretation of economic conditions.
Description
The Fed Hammack Speech provides a platform for the official to communicate critical insights regarding the economic outlook and policy considerations. Since it may touch upon various macroeconomic indicators, traders and analysts closely scrutinize the language used, particularly if there are indications of policy shifts or changes in economic conditions.
Additional Notes
This speech serves as a coincident economic measure, often providing insights that may align with or influence broader economic trends. It can relate to other monetary policy communications from the Federal Reserve, contributing to the understanding of systematic risks and expectations in both regional and global contexts.
Bullish or Bearish for Currency and Stocks
Depending on the content of the speech, if it contains a hawkish tone suggesting rising interest rates or inflation concerns, it could be classified as bearish for stocks but bullish for the currency (USD). Conversely, if the tone is dovish indicating economic support and lower interest rates, it may lead to bullish outcomes for stocks while being bearish for the currency due to expectations of cheaper 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