The Federal Open Market Committee (FOMC) is a branch of the United States Federal Reserve that meets every six weeks to make decisions on the country’s monetary policy. The committee is made up of twelve voting members: the seven members of the Board of Governors, the president of the New York Federal Reserve Bank, and […]
What Does Fomc Mean In Stocks
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. The FOMC is responsible for setting the nation’s target for the federal funds rate, which is the rate banks charge each other for overnight loans. The FOMC also oversees the country’s money supply and attempts to keep inflation in […]
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