2023 Federal Reserve Blackout Dates:
January 21st - February 2nd (FOMC Meeting Date: January 31st - February 1st)
March 11th - 23rd (FOMC Meeting Date: March 21st - 22nd)
April 22nd - May 4th (FOMC Meeting Date: May 2nd - 3rd)
June 3rd - 15th (FOMC Meeting Date: June 13th - 14th)
July 15th - 27th (FOMC Meeting Date: July 25th - 26th)
September 9th - 21st (FOMC Meeting Date: September 19th - 20th)
October 21st -November 2nd (FOMC Meeting Date: October 31st - November 1st)
December 2nd -14th (FOMC Meeting Date: December 12th -13th)
PDF Calendar - https://www.federalreserve.gov/moneta...
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Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California.
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What is the Fed blackout period?
Oh, good question, the Fed blackout period. We're in it right now. It seems to start on a Saturday, for some reason. And it revolves around the Fed meeting. So the next Fed meeting is Wednesday, Tuesday, Wednesday, they'll come out and, you know, do a question and answer session on Wednesday, they'll tell us, you know, how much they're gonna raise rates and kind of what they see and all those type of things. And so prior to that, they're not allowed to talk at all. And that's probably why, what was it a couple of weeks ago, or the week before this one, you know, we had a down week altogether, the Federal Reserve was out like mad. I mean, they did like seven different interviews, all negative. The market was down for the week, and they're really trying hard to use their words to bring it down. So and one of the reasons, I think that we have an a better week this week is we don't have the Fed, they're in a blackout period. So that's what, that's what it means. So there's, I don't know how many days it is in total.
It's like 12. So it's not like two weeks, it's kind of weird, because they they like to close. They like to start it on a Saturday. So after like the markets closed, okay, got it. And then they go even goes one day past, you know, I believe past the actual meeting. So it might go to February 2. Yeah, it's February 2. And then all of a sudden, I guarantee on February 3, we're going to have interviews with fed governors, and they're all going to be saying the same things, because they're, that the weird part that we're dealing with right now is just this situation where the Fed would really like the stock market to not do what it's doing right now. The way it's running this week. So, you know, I've said this before, they can't actually keep the stock market down with just their word called jawboning. It can be very effective, especially at front. We had a pretty big drop off last summer after the Jackson Hole. conversation from Chairman Powell, eight minutes, you know, speech, no questions, hammered the market dropped 3% That day, and really started the whole downturn from that run up we had last summer so it can have big impacts. But you look at what a week ago, lots of interviews, lots of negative things. Oh, we might go to five and a half percent even on the markets thinking 4.9 And all these things. And we still ended up with a good week this week because I think I think it's starting to wear off it's with its effect, because the data, the bond markets not responding to their to it's like the boy that cries wolf. Yeah, yeah, that's a good point. Exactly.
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