FED CHAIR POWELL: WE REMAIN THE ONLY MAJOR CENTRAL BANK THAT DOES NOT PUBLISH A FORECAST, ADDING THAT OUR COMMUNICATIONS ARE FINE — THOUGH IT IS ENTIRELY NATURAL TO CONSIDER REVISITING HOW WE COMMUNICATE.

Federal Reserve Chair Powell acknowledged the Fed is the only major central bank not publishing economic forecasts, suggesting a potential review of its communication framework despite asserting current practices are adequate. This opens the possibility of future shifts in forward guidance, which could affect market pricing of rate decisions through altered expectations of policy transparency and predictability. If the Fed moves toward publishing forecasts, it may narrow the information gap between policymakers and financial markets, influencing Treasury yields and rate-sensitive sectors more directly. Such a change would likely enhance the Fed’s influence on long-end rates via the expectations channel, particularly impacting U.S. interest rate swaps and front-end Treasury curves. Traders will watch the next FOMC meeting minutes and Powell’s upcoming testimony for signals on whether formal forecast publication is under active consideration.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.