Date
GMT+00:00
Event Value
Dec, 19 09:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Dec, 19 09:30
Importance: High
Previous: 0.1% m/m; 2.4% y/y
Forecast: 0.2% m/m; 2.3% y/y
Actual: -
Period: Nov

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

0.1% m/m; 2.4% y/y
Dec, 19 13:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Dec, 19 13:30
Importance: High
Previous: 0.3% m/m; 2.4% y/y
Forecast: -0.1% m/m; 1.8% y/y
Actual: -
Period: Nov

The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items.

As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar.

0.3% m/m; 2.4% y/y
Dec, 19 19:00
★★★
FOMC Economic Projections
FOMC Economic Projections
Country:
Date: Dec, 19 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Economic projections are collected from each member of the Board of Governors and each Federal Reserve Bank president four times a year, in connection with the Federal Open Market Committee's (FOMC’s) usual two-day meetings (typically held in January, April, June, and November). Several charts and a table that summarize those projections are released at the Chairman's press conference within hours of the meeting. Three weeks later, more detailed information is provided in the Summary of Economic Projections, which is published with the minutes of the FOMC meeting.

Dec, 19 19:00
★★★
FOMC Statement
FOMC Statement
Country:
Date: Dec, 19 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on. It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

Dec, 19 19:00
★★★
FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Dec, 19 19:00
Importance: High
Previous: 2.25%
Forecast: 2.50%
Actual: -
Period: Dec
The main interest rates settled by the FOMC are responsible for driving inflation in accordance with the monetary policy adopted by the FED. One of the rates in mind is the overnight borrowing rate and the Federal Reserve’s Cash Rate Target (FRCRT). The latter affects interest rates for consumer loans, mortgages, bonds or others. The actual changes to the interest rates have a direct impact on the US dollar. However, the market expectation, in respect to future monetary policy, plays a part that is even more significant for the market. In such circumstances, any indirect information that provides hints to future FED monetary policy, and thus influences the market expectations in respect to the interest rates, may have a significant impact on the US currency. Typically, an increase of the interest rates, or expectations of such an increase, provide fundamental support to the US dollar. The lower interest rates may have a negative impact on the US currency.
2.25%
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