The Month Ahead – February 2023

IC Markets No Comments

As we head into the middle of Q1, we are seeing more activities in the US and European economies. Below are the key economic events to look out for if you’re planning to open a position in February 2023. All times are listed in our platform time, GMT +2.

02 February 2023

United States of America

03:15 PM 

ADP Non-Farm Employment Change

This provides an estimated measure of the monthly change in non-farm (excludes farming and government industries), private employment based on the payroll data of 400,000 US businesses. It predicts the government non-farm payroll report, which is usually released on the first Wednesday after month-end. 

05:00 PM

FOMC Statement

The Federal Open Market Committee (FOMC) statement is used by the panel to communicate the monetary policy to investors. It’ll consist of the outcome of the vote on interest rate and provide possible clues of future votes as well as discussion on the economic outlook. 

Federal Funds Rate

FOMC members vote on where to set interest rates. This affects the monetary and financial conditions of the economy including employment, growth and inflation. 

05:30 PM

FOMC Press Conference

The FOMC press conference includes a prepared statement that will be read and presented to the public which is open for the press to ask questions.