Federal Open Market Committee
Federal Open Market Committee (FOMC) controls open market operations for the Federal Reserve. It consists of twelve members: seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.
The FOMC holds eight regularly scheduled meetings per year, where the members review economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
The FOMC holds eight regularly scheduled meetings per year, where the members review economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
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Market Wrap: FOMC Keeps on Buyin'; JCPenney Bondholders Rescind; Model N's Successful IPO
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Trading Radar for 03/20: Oracle (ORCL), General Mills (GIS), Guess? (GES), Jabil (JBL) Report
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Top 10 News Items 6/20-6/24: Crude Oil Declines as IEA Releases Stock; FOMC Statement, Fed Cuts FY11, FY12 Growth, Employment Estimates; Issues in Greece Finally May Be Getting Straightened Out
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Trading Radar for 06/22: FedEx (FDX), Red Hat (RHT), Bed Bath & Beyond (BBBY), CarMax (KMX) Report
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Top 10 News Items 3/14-3/18: Fears of Drastic Nuclear Crisis in Japan Dominate Markets This Week; G7 Steps In to Depreciate Yen Against Dollar; Turmoil in Libya, Bahrain Continues
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Top 10 News Items 12/13-12/17: $858B Tax-Cut Bill Signed; Best Buy Tanks on Concerning Q3 Results; Visa, MasterCard Tumble As Durbin Strikes Back
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Daily State of the Markets 09/23: Shoulda, Coulda, Woulda?
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Top 10 News Items: First Reading of Q2 GDP; Fed's Bullard Concerned with Japan-Like Deflation, BP's Tony Hayward Finally Pushed Out of CEO Role
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David Moenning's Daily State of the Markets: 3/19
