United States Jackson Hole Symposium

Info

History

Chart

Impact:

Medium

Source: Federal Reserve

Next Release:

Date:

Period:

What Does It Measure?

The Jackson Hole Symposium is an annual gathering of central bankers, finance ministers, academics, and market participants that focuses on various macroeconomic issues, particularly relating to monetary policy. It assesses the perspectives on economic conditions, interest rates, and monetary policy frameworks, impacting both global financial systems and national economic strategies.

Frequency

The symposium takes place annually in late August, with discussions, presentations, and key speeches that often set the tone for economic policies going forward.

Why Do Traders Care?

Traders closely monitor the Jackson Hole Symposium due to its potential to influence monetary policy direction and market sentiment, particularly for currencies and bonds. Key remarks made by influential figures, especially from the Federal Reserve, can result in immediate reactions in financial markets, shaping forecasts and trading strategies.

What Is It Derived From?

The symposium derives its insights from presentations by renowned economists and central bank officials, along with discussions that are centered around research and analysis of current economic issues. The insights shared come from high-level academic research and policy discourse, often addressing the challenges and strategies in managing economic growth and inflation.

Description

The Jackson Hole Symposium serves as a platform for deliberating pressing economic issues, where potential policy shifts can be previewed through speeches and panel discussions. Its insights are pivotal for understanding the global economic landscape, given the concentration of influential economic figures and the themes discussed around monetary policy and economic strategies.

Additional Notes

The symposium often serves as a coincident economic measure, reflecting current economic conditions and central bank perspectives. It is a key event in the economic calendar that can lead to shifts in investor sentiment and affect predictions about future interest rate movements and economic growth.

Bullish or Bearish for Currency and Stocks

Given that remarks from the symposium can indicate shifts in future monetary policy, higher-than-expected hawkish statements could be seen as bullish for the currency, while potentially bearish for stocks due to increased borrowing costs. Conversely, dovish tones signaling economic support may lead to a bullish stance for equities but could weaken the currency due to lower interest rate expectations.

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