Last News

DescriptionDue to deliver a commencement speech at Augusta Technical College, in Georgia;
Source
SpeakerFederal Reserve Bank of Atlanta President Raphael Bostic;
Usual EffectMore hawkish than expected is good for currency;
FF NotesFOMC voting member 2018, 2021, and 2024;
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;
Acro ExpandFederal Open Market Committee (FOMC);

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Source
MeasuresLevel of a diffusion index based on surveyed purchasing managers in the Chicago area;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, on the last business day of the current month;
Next Release
FF NotesData is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction;
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 ViaSurvey of around 200 purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Also CalledChicago Business Barometer;
Acro ExpandPurchasing Managers' Index (PMI);

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Source
MeasuresChange in the inflation-adjusted value of all goods and services produced by the economy;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, about 60 days after the month ends;
Next Release
Why Traders
Care
It's the broadest measure of economic activity and the primary gauge of the economy's health;
Acro ExpandGross Domestic Product (GDP);

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Source
MeasuresChange in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, on the last business day of the current month;
Next Release
FF NotesEurostat bases this estimate on 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The Flash release, which the source first reported in Apr 2013, is the earliest and thus tends to have the most impact;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Acro ExpandConsumer Price Index (CPI);

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Source
MeasuresChange in the total quantity of domestic currency in circulation and deposited in banks;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, around 30 days after the month ends;
Next Release
FF NotesSource changed series from preliminary\/final format to a single release, as of Nov 2010;
Why Traders
Care
It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation;

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