What is it? —- It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates.
What is it’s effect? —- More hawkish than expected = Good for currency
How often does it come out? Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced
1) Definition of Hawkish —-
Officials are referred to as being “hawkish” when they emphasize the dangers of inflation rather than focusing on the need for growth. “Hawkish” stands in contrast to “dovish” which emphasizes a more accommodative monetary policy.
The entomology behind the term comes from the predatorily, high flying and positive symbol of the hawk – as opposed to dove, or dovish.
(from Fx words)
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