United States USD

United States Jackson Hole Economic Symposium

Impact:
Medium
Source: Federal Reserve

Next Release:

Date:
Period:
What Does It Measure?
The Jackson Hole Economic Symposium measures the prevailing economic thoughts among policymakers, economists, and financial market participants. It primarily focuses on key areas such as monetary policy, inflation dynamics, and global economic conditions through high-level discussions and presentations.
Frequency
The event takes place annually, typically held in August, with proceedings and key discussions published shortly after the event concludes.
Why Do Traders Care?
Traders closely monitor this symposium due to its potential to influence monetary policy decisions in the United States, impacting asset prices in currencies, stocks, and bonds. Insights from influential central bank leaders can significantly affect market expectations and investor sentiment regarding future economic conditions.
What Is It Derived From?
The symposium aggregates discussions and papers submitted by economists, central bankers, and scholars, typically derived from both empirical research and theoretical frameworks. The insights presented stem from rigorous analysis and debate on pressing economic issues, often highlighting diverse perspectives on monetary policy challenges.
Description
The Jackson Hole Economic Symposium is notable for its informal yet influential setting, where central bank governors, policymakers, and leading economists converge to discuss critical economic issues. This gathering often serves as a platform for signaling future policy directions, particularly how central banks may respond to emerging economic challenges, making it a focal point for understanding shifts in monetary policy and its implications for the global economy.
Additional Notes
The symposium is a leading indicator in understanding future monetary policy directions, particularly in relation to the Federal Reserve and its stance on inflation and interest rates. Its discussions often relate to and influence broader economic trends, providing insights that resonate both nationally and globally.
Bullish or Bearish for Currency and Stocks
The impact of the Jackson Hole Economic Symposium can vary based on the strength of the discussions about future monetary policy. For instance, if the outcomes signal a hawkish stance indicating potential interest rate hikes, it may be interpreted as bearish for stocks due to higher borrowing costs; conversely, if the tone is dovish, suggesting support for economic growth, it could be bullish for equities while bearing implications for currency valuation depending on investor sentiment.

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