FOMC Will Discuss the Economic Outlook

FOMC Will Discuss the Economic Outlook

What will happen?

Federal Reserve will make a statement on November 3, 20:00 GMT+2. There we will hear about Fed’s view on the current economic situation, tapering plans, and other hawkish or dovish tones. The FOMC usually changes the statement slightly at each release. Traders focus on these changes. In 30 minutes FOMC will hold a press conference that lasts about an hour long and has 2 parts - first, a prepared statement is read, then the conference is open to press questions.

Why is it important?

First, this statement is the primary tool the FOMC uses to communicate with investors about monetary policy. The decisions made this day not only add volatility to the market but also can change the game. For example, when FOMC started to talk about tapering seriously (August-September 2021), S&P 500 had a 6% correction that lasted for more than a month. Second, the questions at the press conference often lead to unscripted answers that create even more volatility.


How to trade on FOMC meeting?

The main affected assets are US 500 (S&P 500) and US 100 because tapering news affects the stock market directly. Also, gold tends to have an inverse correlation with USD, and USD tends to rise on tapering plans.

  • If the meeting is rather hawkish – S&P 500 will fall, and USD will rise.
  • Otherwise – S&P 500 will rise, and USD will fall.

Check the economic calendar


Instruments to trade: EUR/USD, US 500, US 100, XAU/USD.


CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

Bank of Canada Surprises Markets
Bank of Canada Surprises Markets

The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera