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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Top 10 News Items 4/2-4/5: Stocks Fall as Fed May Be Closing the Window on Further QE; Jobs Data Mixed Ahead of Friday's Payroll Report; Bidder for Avon Approaches
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Trading Radar for 05/18: Target (TGT), Staples (SPLS), Deere & Co. (DE), Limited Brands (LTD), SodaStream (SODA) Report
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Daily State of the Markets 10/19: Step 1: Admitting You've Got a Problem
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Trading Radar for 5/20: Target (TGT), Deere (DE), Advance Auto Parts (AAP), Toll (TOL), Eaton Vance (EV), Intuit (INTU), BJ's Wholesale (BJ), AnnTaylor (ANN), PetSmart (PETM) Report; FOMC Minutes Due
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David Moenning's Daily State of the Markets:
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Trading Radar 5/21: Solarfun (SOLF), Longs Drug Stores (LDG), Limited (LTD), Salesforce.com (CRM) Report; FOMC Minutes Due
