Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). Its mandate is to oversee the nation’s open market operations (i.e. the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply. Interest rates are very important in currency evaluation. Read more about Central Banks and Interest Rates HERE.
On the 31st of January, FOMC will hold its first Monetary Policy meeting of 2024 where they are expected to maintain the Interest Rates at the current rate of 5.50%. Planning is key, save these dates to make your trading year more organized. I have published 2 episodes on my podcast about planning for the 2024 trading year, you can LISTEN here and why I do not ignore fundamentals in my trading, LISTEN here.
Below are the FOMC 2024 dates. Kindly share this post with anyone who may need this information. You can also subscribe to this blog for notifications on new blog posts. To read on the go, download the App on Google Playstore. For private lessons on how to trade FOMC, check my fundamental analysis course HERE or WhatsApp at +27 78 144 6851. Thank you for stopping by. Happy trading.
Non-Farm Payrolls (NFP) is all about the number of jobs that the United States of America creates on a monthly basis. The stats are compared to the previous month and are released every first Friday of the month. There’s more to these stats though as we also have to look at the quality of jobs that were created. Those stats exclude the farming industry, hence it is called the non-farm payrolls. The first one was released at 3:30pm S.A time.
CPI stands for Consumer Price Index. It is the most watched economic indicator. It is calculated/released by the Bureau of Labor Statistics, which is part of the Department of Labor.
What does CPI measure?
It measures the change in price of goods and services purchased by the consumers excluding investment items such as stocks, bonds, real estates and life insurance. In short, CPI measures the cost of living. The CPI is released monthly.
Why do we (traders) care?
Consumer Price Index accounts for the majority of overall inflation. Inflation is important to currency evaluation. As promised in the beginning of the year that I will publish the most watched economic news annual dates. I’ve already published Non Farm Payrolls annual dates. To get started with your yearly plan, check this post here.
Below is the United States Consumer Price Index 2020 schedule. Thank you for stopping by and reading this post. Please share with your friends and stay tuned for more.
Non Farm Payrolls (NFP) is the most watched economic event in the markets. Non-Farm Payrolls is usually released on the first Friday of the month, 12 months a year and it is all about the number of jobs created during the previous month as compared to the current month. The stats exclude the farming industry hence it’s called the Non-Farm Payrolls.
Why Do Traders Care?
Job creation is an important indicator of consumer spending. It accounts for the majority of overall economic activity. When Non-Farm Payrolls stats are greater than expected, that is viewed as good for currency (USD) and an indication that the economy is doing well. When the stats are below expected, that is viewed as bad for currency(USD) and an indication that the economy is not doing so well.
Trading the news is not just straight forward whereby we buy when the results are above and sell when they are below. There are some other factors to consider. If you need to learn more about news trading, feel free to contact me. I have a course designed for someone who would like to learn.
Thank you for stopping by. As part of helping you with planning, I will publish the annual schedules of the most watched economic news, kindly subscribe so that you may not miss any of those publications. In case you missed my first blog post of 2020 about how to plan for your trading year, you can read it here. Below is the Non-Farm Payrolls annual schedule. Kindly share this post with your peers and subscribe . Cheers, till next time…
The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under the United States law with overseeing the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply.
The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the short-term objective for the Fed’s open market operations, which is usually a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans).
The FOMC also directs operations undertaken by the Federal Reserve System in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar. SOURCE ~Wikipedia.
FOMC Current Board Members
Janet L Yellen, Chair, Board of Governors
William C Dudley, Vice Chairman, New York
Lael Brainard, Board of Governors
James Bullard, St. Louis
Stanley Fischer, Board of Governors
Esther L George, Kansas City
Loretta J Mester, Cleveland
Jerome H Powell, Board of Governors
Eric Rosengren, Boston
Daniel K Tarullo, Board of Governors
Alternate Members
Charles L Evans, Chicago
Patrick Harker, Philadelphia
Robert S Kaplan, Dallas
Neel Kashkari, Minneapolis
Michael Strine, New York, First Vice President
Below are the dates for the actual meetings in 2017. You can print them. Please note that you have to confirm your subscription by clicking on the link that is sent to your email soon after you entered your email address and clicked on “Subscribe”. Thank you for stopping by, we are preparing ourselves for all major economic news.
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