PCE Deflator, (Personal Consumption Expenditure ... - Morningbull
PCE Deflator, (Personal Consumption Expenditure ... - Morningbull
PCE Deflator, (Personal Consumption Expenditure ... - Morningbull
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Rates Left Unchanged : The reaction of the US dollar will depend upon whether the Fed is<br />
pausing after a prolonged tightening or easing cycle or has been pausing for some time. If it<br />
comes after a tightening cycle, it would be perceived as dollar bearish. If it is after an easing cycle,<br />
it would be perceived as dollar bullish. If they have been pausing for months already, the reaction<br />
would probably be more neutral.<br />
Relevance: Tends to move markets on release<br />
Release schedule : 2pm (EST); 8 times a year<br />
Source of report : Board of Governors of the Federal Reserve System<br />
Web Address : http://federalreserve.gov/<br />
Address of release : http://federalreserve.gov/fomc/fundsrate.htm<br />
Minutes of FOMC Meeting - United States<br />
The Federal Open Market Committee (FOMC) began publishing the minutes for its monetary<br />
policy meetings in 2005. The detailed minutes from these meetings give some of the best insight<br />
into the monetary policy decision making process and what the FED thinks about economic<br />
developments inside and outside of the US .<br />
Markets tend to focus most of their attention on the key points discussed during the meeting that<br />
suggest future interest rate changes. For example if the minutes state that high energy costs and<br />
a rapidly expanding housing market are fueling inflation, then markets participants will tend to<br />
monitor these key sectors closely in order to gauge the likelihood of a rate increases in the future.<br />
Because minutes come out three weeks after the FOMC meets, markets will discount some<br />
information in the report. Market participants tend to read into the overall mood the Federal<br />
Reserve gives during the meeting. If the FOMC is cautious about the inflationary outlook for the<br />
economy (characterized as "Hawkish"), then the market has a higher likelihood of future rate<br />
increases. If the Bank is optimistic ("Dovish") it suggests to markets that inflation is in check and<br />
that future rate increases are less likely.<br />
Relevance: Tends to move markets on release<br />
Release Schedule : Three weeks after the date of the policy decision<br />
Source of Report : Board of Governors of the Federal Reserve<br />
Web Address : http://federalreserve.gov/<br />
Address of Release : http://federalreserve.gov/fomc/