United States USD

United States Treasury Secretary Yellen Speech

Impact:
Medium
Source: Federal Reserve

Next Release:

Date:
Period:
What Does It Measure?
The United States Treasury Secretary Yellen's speech measures government economic policy directions, fiscal stability, and regulatory approaches. It primarily focuses on macroeconomic indicators such as employment, inflation, and economic growth, and serves as crucial guidance on government priorities and potential market impacts.
Frequency
These speeches are typically made as needed, often quarterly or during significant economic events, and they are finalized statements reflecting the Secretary's current views and will not be revised.
Why Do Traders Care?
Traders closely monitor such speeches as they provide insights into potential changes in fiscal policy, which can affect the financial markets significantly. Positive or proactive content may strengthen the U.S. dollar and boost equities, while cautious or negative sentiments could lead to bearish movements in these markets.
What Is It Derived From?
Yellen's speech is derived from extensive economic data, analyses from various departments, and the administration’s policy objectives. It may reflect feedback from economic advisors, market surveys, and public sentiment concerning current fiscal issues and challenges.
Description
As an official communication from the Treasury Secretary, the speech may highlight the government’s stance on taxation, spending, and various economic initiatives. Understanding the content is critical as it signals the administration's intentions regarding economic recovery, budgetary policies, and regulatory adjustments affecting financial markets.
Additional Notes
The content of Treasury Secretary Yellen's speeches may serve as a leading indicator for shifts in fiscal policy, which can have ramifications for both domestic and global economic conditions. Observing these speeches helps market participants align their strategies with broader trends in economic policy and stability.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. A dovish tone: Signaling lower interest rates or economic support is usually good for the USD but bad for Stocks due to 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