Hawkish: A term used to describe an economic outlook that views inflation as a significant concern that warrants decisive action of the Fed or other central banking authority, such as raising interest rates. See also dovish.

Sources: Investopedia, Business Dictionary

Hedge Fund: An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark). Legally, hedge funds are most often set up as private investment partnerships that are open to a limited number of investors and require a very large initial minimum investment. Investments in hedge funds are illiquid as they often require investors keep their money in the fund for at least one year.

Source: Investopedia, finbox

High-Frequency Trading (HFT): Also known as algo or algorithmic trading, HFT is computerized trading at high volumes and speed using powerful computers and complex algorithms, often of a proprietary nature. HFT can be split into two types: execution and opportunistic. Execution trading is used to find the best possible price for an order and may involve splitting the order into smaller pieces and executing at different times. Opportunistic trading uses algorithms to find small trading opportunities in the market based on conditions rather than completing a specific trade.

Sources: Investopedia, NASDAQ.com

High-Yield Bond: A bond that has a rating of BB or lower and that typically pays a higher yield to compensate for its higher risk. Also known as a "junk bond".

Source: Ferguson Wellman Glossary of Investment Terms

High-yield Bond Fund: A mutual fund that invests in low rated corporate bonds, also called junk bonds. High-yield bonds have lower credit ratings than investment grade bonds but have higher yields due to the increased risk. High-yield bonds are also referred to as junk bonds.

Source: InvestingAnswers.com, Investopedia

Household Employment Survey (HES): An indicator of how the economy was able to create jobs, often used by analysts in conjunction with the payroll survey. HES estimates the nation's employment based on responses from interviews with about 60,000 households. The Bureau of Labor Statistics then inflates the data by the most recent estimates of the population. Unlike the payroll survey, the raw household survey data is not revised, but the population estimates used to inflate them are occasionally updated to incorporate new information from censuses and estimates on immigration.

Source: Federal Reserve Bank of San Francisco