Satellite observations reveal short pulses in the second time derivative of the geomagnetic field. We seek to interpret these signals using complex empirical orthogonal functions (CEOFs). This methodology decomposes the signal into traveling waves, permitting estimates for the period, angular wave number, and phase velocity. We recover CEOFs from the CHAOS‐6 model, focusing on three geographic regions with strong secular acceleration. Two regions are confined to the equator, while the third is located under Alaska. We find evidence for both eastward and westward traveling waves with periods between 7 and 20 years. There is also evidence for weaker standing waves with complex spatial patterns. Two of the three regions have waves that are compatible with predictions for waves in a stratified fluid. Our results yield estimates for the structure of fluid stratification at the top of the core.

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Models for the second time‐derivative of the geomagnetic field reveal prominent activity at high latitudes. Alternating patches of positive and negative geomagnetic acceleration propagate to the west at speeds that exceed nominal fluid velocities in the core. We show that waves are a viable interpretation of these observations. Magnetic Rossby waves produce a high‐latitude response with suitable phase velocities. However, the spatial complexity of the prediction is not compatible with the observations. Our preferred interpretation involves zonal MAC waves. These waves can account for the observed geomagnetic field when a stratified layer exists at the top of the core. The required layer has a thickness in excess of 100 km and a buoyancy frequency comparable to the rotation frequency. We anticipate a gradual reduction in the phase velocity over time, leading to a future change in the propagation direction.