FOMC interest rate decision time change?

Discussion in 'Trading' started by Millionaire, Apr 27, 2011.

  1. The ecomonic calendars are saying this will be 12:30 New york time today.

    Followed by a press conference at 2:15..

    Does anyone know if this is now the new time schedule for FOMC days going forward or just a one off for today?

    Also will the policy statement be issued at the time of the rate decision or at the start of the press conference?
  2. Sorry for not replying in full. I guess it's one off today. Interesting how the markets will react.
  3. My guess would be that this maybe the new format going forward. As it is also the format always used by the ECB, i.e. the rate decision followed by a press conference. I suppose time will tell.
  4. wrbtrader


    Yes, this is the new FOMC format...rate announcement @ 12:30pm est that's then follow by a Chairman press conference @ 2:15pm est.


  5. Are you certain this isn't a one time happening?
  6. olias


    I think I remember that this is neither a one time happening, nor is the new format for every Fed announcement. I think the chairman will do the press conference 3 or 4 times per year
  7. Yet another way to kill volatility in the markets. Look at this cr@p. Have fallen asleep already. Roll on the statement zzzzzzzzzzzz
  8. olias