summary: how to use the FOMC, NFP, and CPI reports to plan around scheduled economic events — the average move before, during, and after each event, plus the CPI reaction follow-through read.
what it measures
these reports measure how price has historically behaved around the scheduled economic events that move markets most. the three performance reports share one structure — the average move in the days before the event, on the event day itself, and in the days after:
FOMC — the Fed's rate decision, 2 pm ET
NFP — the monthly non-farm payrolls jobs report, 8:30 am ET, usually on the first Friday
CPI — the monthly inflation print, 8:30 am ET
a fourth report, CPI reaction, works differently — it measures whether the initial reaction to the print carries into the close. the point across all of them isn't to predict the number. it's to know how the market has typically behaved around these days — the drift in, the event-day move, and the drift out — so you can plan risk instead of getting caught off guard.
how to read it
for the performance reports, read the three windows together: the pre-event figure shows how the market tends to drift into the release, the event-day figure shows the typical reaction, and the post-event figure shows how it settles afterward. these are small samples, so treat them as context, not a precise expectation.
CPI reaction reads differently — it's a follow-through rate. if the reaction candle right after the print is green, how often does the NY session close green, and the reverse? a high rate means the first move tends to stick; a low one means it often fades. open the report for the ticker you trade to see the pattern.
the reports
FOMC performance
the average move in the days before, on, and after the Fed's 2 pm ET decision. two extra views: averaged results blends across all meetings for the typical behavior, and individual days lets you inspect each meeting on its own — useful because FOMC days vary a lot and the average can hide that.
NFP performance
the same before / day / after structure around the jobs report. NFP usually lands 8:30 am ET on the first Friday of the month, so pair it with any Friday tendencies you already track.
CPI performance
the same before / day / after structure around the 8:30 am ET inflation print. inflation prints have been some of the highest-volatility sessions in recent years.
CPI reaction
the follow-through read: if the reaction candle right after the print is green, how often does the NY session close green — and the reverse. use it when you're trading the CPI print directly rather than the days around it.
the customize settings
the customize button controls the windows each report measures:
the performance reports (FOMC, NFP, CPI) — the pre-event and post-event period lengths, 3 days each by default. shorten or lengthen them to match how far around the event you care about.
CPI reaction — the reaction candle timeframe (default 8:30–8:45 am ET, the first 15 minutes after the print) and how the day's color is measured (open-to-close by default).
whatever you set shows up in the custom settings panel on the report.
how traders use it
the main use is planning around the calendar. event days aren't normal days — the performance reports show whether the market tends to run a direction into, through, and out of the event, and the CPI reaction report tells you whether a first move is worth following or fading.
a common approach is to stay light into the release, let the reaction settle, and only trade the follow-through when the data supports it. keep an economic calendar next to your edgeful reports so an event day never surprises you.
tips
mind the sample size. FOMC happens 8 times a year, NFP and CPI 12 — so these build history slowly. use a longer lookback and don't over-fit to the last couple of prints.
check the FOMC individual-days view before leaning on the average — one outlier meeting can pull the blended read around.
the biggest edge is often just not being over-sized into a release. consistent results still take customization and reps.