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United States USD

United States Fed Harker Speech

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History

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Impact:

Medium

Source: Federal Reserve

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

The United States Fed Harker Speech measures insights from the Federal Reserve Bank of Philadelphia President Patrick Harker regarding monetary policy, economic conditions, and anticipated changes in interest rates. This speech primarily focuses on factors influencing inflation, employment, and overall economic growth within the national context.

Frequency

The speech is delivered on an irregular basis, typically scheduled at various conferences or public events, with no set monthly or quarterly release schedule.

Why Do Traders Care?

Traders monitor speeches from Federal Reserve officials closely as they can offer clues about the future direction of monetary policy, impacting expectations for interest rates. The implications of Harker's remarks can lead to significant movements in key assets such as the US dollar, equities, and bond yields, as traders adjust their positions based on perceived hawkish or dovish signals.

What Is It Derived From?

The speech is derived from Harker's interpretations of current economic data, discussions within the Federal Open Market Committee, and broader economic indicators. It is formulated through personal insights and analysis derived from quantitative data and trends observed in the economy, which shapes his viewpoints on monetary policy.

Description

In the context of monetary policy, the Fed Harker Speech provides important qualitative insights, serving as a gauge for sentiment among Fed officials regarding economic conditions and future rate adjustments. Because the speech can address a range of topics, it often serves as a real-time barometer for investor sentiment towards potential changes in fiscal strategy.

Additional Notes

Harker's speeches are considered leading indicators of future monetary policy adjustments, as they reflect the Fed's ongoing considerations about inflation and labor market conditions. Their relevance is heightened in comparison to other economic indicators, as central bank communications often set the tone for market expectations in both domestic and global contexts.

Bullish or Bearish for Currency and Stocks

Depending on the content of the speech, if Harker’s comments exceed market expectations for hawkishness: Higher than expected: Bullish for USD, Bearish for Stocks. If the speech suggests a dovish outlook or reassurance on maintaining lower rates: Lower than expected: Bearish for USD, Bullish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually bad for the USD but good for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Jun 05, 2025
Apr 22, 2025
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Feb 27, 2025
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Feb 06, 2024
Oct 20, 2023
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Oct 16, 2023
Oct 13, 2023
Oct 02, 2023
Sep 07, 2023
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Aug 10, 2023
Aug 08, 2023
Jun 01, 2023
May 31, 2023
Apr 11, 2023
Feb 14, 2023
Feb 10, 2023
Jan 20, 2023
Jan 18, 2023
Jan 13, 2023
Nov 10, 2022
Oct 20, 2022
Oct 11, 2022
Aug 03, 2022
Jun 22, 2022
May 18, 2022
May 17, 2022
Apr 14, 2022
Apr 06, 2022
Jan 14, 2022
Jan 13, 2022
Nov 16, 2021
Nov 08, 2021
Oct 01, 2021
Sep 30, 2021
Sep 29, 2021
Jun 03, 2021
Jun 02, 2021
May 12, 2021
May 11, 2021
Apr 13, 2021
Apr 01, 2021
Mar 03, 2021
Feb 03, 2021
Jan 13, 2021
Jan 07, 2021
Dec 02, 2020
Nov 13, 2020
Nov 09, 2020
Oct 19, 2020
Oct 06, 2020
Oct 02, 2020
Sep 29, 2020
Jul 15, 2020
May 12, 2020
May 07, 2020
Feb 12, 2020
Feb 10, 2020
Jan 17, 2020
Jan 15, 2020
Nov 12, 2019
Nov 06, 2019
Oct 02, 2019
Sep 27, 2019
May 20, 2019
May 06, 2019
Apr 17, 2019
Mar 26, 2019
Mar 25, 2019
Feb 28, 2019
Feb 22, 2019
Feb 14, 2019
Feb 13, 2019
Jul 12, 2018
May 24, 2018
May 21, 2018
Apr 17, 2018
Mar 29, 2018
Feb 21, 2018
Feb 08, 2018
Jan 05, 2018
Oct 05, 2017
Sep 29, 2017
Sep 08, 2017
Jun 27, 2017
May 23, 2017
May 22, 2017
May 12, 2017
Apr 28, 2017
Apr 03, 2017
Feb 21, 2017
Feb 15, 2017
Feb 06, 2017
Jan 20, 2017
Jan 13, 2017
Jan 12, 2017
Nov 16, 2016
Oct 13, 2016
Sep 29, 2016
Jul 13, 2016
May 25, 2016
May 23, 2016
Apr 12, 2016
Mar 23, 2016
Mar 22, 2016
Feb 16, 2016
Dec 04, 2015
Nov 05, 2015
Nov 04, 2015