United States Jackson Hole Economic Policy Symposium

Info

History

Chart

Impact:

Medium

Source: Federal Reserve

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

The Jackson Hole Economic Policy Symposium measures the prevailing economic thought and policy directions shared among global central bankers, economists, and academic scholars. This event primarily focuses on macroeconomic issues, monetary policy developments, and emerging economic challenges, facilitating discussions that influence future economic policies and frameworks.

Frequency

The symposium is an annual event typically held in late August, with discussions culminating in several published papers and policy insights that may be issued both during and after the conference.

Why Do Traders Care?

Traders pay close attention to the Jackson Hole Symposium because the insights and policy signals provided by influential central bankers can lead to significant shifts in market sentiment, affecting currencies, equities, and bonds. The timeliness of the discussions serves as an indicator of future monetary policy directions, making it critical for traders' decision-making processes.

What Is It Derived From?

The symposium draws upon contributions from prominent central bankers, economists, and researchers who present and discuss various macroeconomic and monetary policy topics. The discussions are typically informed by recent economic data, research findings, and prevailing global economic conditions, with contributions gathered from a curated panel of invited experts.

Description

The symposium presents a platform for dialogue between global economic leaders, allowing them to exchange views on monetary policy and economic trends. Attendees engage in roundtable discussions, panel sessions, and presentations of research papers that reflect current economic thinking and provide insights into potential policy implications. The symposium serves a critical role in shaping the economic landscape, acting as a barometer for future monetary policy stances.

Additional Notes

This symposium is considered a leading economic measure, as the discussions can provide early insights into potential shifts in monetary policy across various economies. By offering a venue for influential policymakers to share their views, it often frames economic trends in the context of broader global challenges and can help set the agenda for future meetings of central banks.

Bullish or Bearish for Currency and Stocks

Depending on the discussions and any signals of future monetary policy changes, outcomes from the symposium could be classified as either bullish or bearish for currencies and stocks. For instance, if dovish sentiments emerge indicating lower interest rates, it would typically be bullish for stocks but bearish for the currency due to concerns over economic support and weaker 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
Aug 28, 2020
Aug 27, 2020
Aug 23, 2019
Aug 22, 2019
Aug 24, 2018
Aug 26, 2017
Aug 25, 2017
Aug 24, 2017