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Finding Timely Feeds for FOMC Target Rate Announcements

Article Quant Q&A · Author: sevzas
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Summary

The document asks whether a machine-readable source reports Federal Reserve target-rate changes close to the time of an FOMC announcement. It contrasts the desired near-real-time update with the cited FRED upper- and lower-bound series, which the question says update the following day.

The response names Bloomberg tickers for the upper and lower ends of the target range and says they update at the announcement time. It suggests Reuters may offer a similar feed, but that possibility is speculation rather than a confirmed source. No federal machine-readable feed is identified, and the response gives no measured latency or evidence that the suggested commercial data updates arrive within a few minutes.

Key ideas

  • The question seeks a machine-readable target-rate feed with low latency after FOMC announcements.
  • The cited FRED target-range series are described as updating the next day.
  • The response provides Bloomberg identifiers for the upper and lower target-rate bounds.
  • A similar Reuters feed is suggested but not verified, and actual latency is unknown.

Tags

Fixed incomeUS marketsEvent-driven
Full text
# Fed FOMC Target Rate annnouncement machine readable data point


# Fed FOMC Target Rate annnouncement machine readable data point












Does anyone know if there is a near-realtime machine-readable feed that reflects the FOMC target rate announcement? The announcement came in today at 2 pm, but I can't find a way to download the revised target rates.

FWIW, here is the calendar: http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm here is the announcement: http://www.federalreserve.gov/newsevents/press/monetary/20150917a.htm Here are the two series (upper/lower bound) on FRED (St. Louis Fed Data engine) but they are updated "next day": https://research.stlouisfed.org/fred2/series/DFEDTARU https://research.stlouisfed.org/fred2/series/DFEDTARL

I'm hoping for something web-scrapeable from a "federal" source. The actual latency is not terribly important as long as it's less than a few minutes.

## Answer by mgilbert (score 1)

https://quant.stackexchange.com/a/20779

Unsure of any free feeds, but if you have access to bloomberg the tickers for the upper range and lower range are FDTR Index and FDTRFTRL Index respectively. I haven't checked with other providers but I would be very surprised if Reuters did not also provide a similar feed. These tickers update at 2 P.M. however I can't comment on their latency, some discussion of that topic can be found in this thread

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.