FOMC Press Conference is a quarterly event that attracts the attention of financial analysts and economists from around the world. During the press conference, the US Federal Open Market Committee members respond to journalists' questions about the US monetary policy, inflation prospects and measures taken to achieve its target level.
The index allows making conclusions about the terms of interest rate changes or changes in the monetary policy, depending on the speaker's rhetoric. Indirect hints at the coming growth of interest rates are seen as positive for the dollar.