Due to speak about the economic outlook at the University of Notre Dame, in Indiana. Audience questions expected;
Source
Speaker
Federal Reserve Governor Christopher Waller;
Usual Effect
More hawkish than expected is good for currency;
FF Notes
FOMC voting member Dec 2020 - Jan 2030;
Why Traders Care
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
Level of a diffusion index based on surveyed purchasing managers;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, about 5 days after the month ends;
Next Release
FF Notes
Above 50.0 indicates industry expansion, below indicates contraction. Source changed series from non-seasonally adjusted to seasonally adjusted as of Mar 2011;
Why Traders Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Derived Via
Survey of about 175 purchasing managers, selected geographically and by sector of activity to match the economy as a whole, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Due to speak at the Council on Foreign Relations, in New York. Audience questions expected;
Source
Speaker
Federal Reserve Bank of New York President John Williams;
Usual Effect
More hawkish than expected is good for currency;
FF Notes
FOMC voting member 2012, 2015, 2018, 2019, 2020, 2021, 2022, 2023, and 2024. In Jun 2018 his title changed from Federal Reserve Bank of San Francisco President to Federal Reserve Bank of New York President;
Why Traders Care
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released quarterly, about 65 days after the quarter ends;
Next Release
FF Notes
The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about 20 days apart – Flash and Final. The Flash release, which the source first reported in Nov 2018, is the earliest and thus tends to have the most impact;
