Glossary · Fundamentals & economics
Hawkish
Leaning towards higher interest rates to fight inflation. Hawkish surprises usually strengthen a currency.
Related terms
Dovish
Leaning towards lower interest rates to support growth. Dovish…
Central bank
The institution that sets a country’s interest rates and monetary…
Consumer Price Index (CPI)
The main measure of inflation. Higher-than-expected CPI tends to…
FOMC
The Federal Open Market Committee, the Federal Reserve body that…
Forward guidance
What a central bank signals about future policy. Markets often…
Bond yields
The return on government bonds. Shifts in the gap between two…