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 for 05/20 to 05/24: A True Fed Tapering?, Japan's Nikkei Blasted, Dimons are Forever
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Top 10 News Items 07/30 - 08/03: More Jobs Added in July, Unemployment Rises; Knight Capital's Expensive Folly; FOMC Likes Rates, Remains on Watch
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Top 10 News Items 7/9-7/13: JPMorgan Gets Its CIO Losses Out of the Way; Stocks Fall for Six Days; China Reports Slowest Growth Since Early 2009
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Top 10 News Items 4/23-4/27: Apple Crushes Q2 Estimates; Amazon Shares Surge 16% on Q1 Beat; Q1 GDP Worse Than Expected
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Market Wrap: Chips Ahoy!; Apple's Octo-Streak Ends Abruptly; FOMC Minutes Seem Like Hours
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Top 10 News Items 4/25-4/29: Bernanke Conducts First-Ever FOMC Press Briefing, Signals QE3 May Not Happen; Gold, Silver Continue to Charge Higher; Q1 US GDP Worse-Than-Expected
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Top 10 News Items 1/24-1/28: Violence in Egypt Impacts Stocks; Amazon, Ford Results Disappoint Investors
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Top 10 News Items 1/25-1/29: Bernanke Confirmed for Second Term as Fed Chairman, GDP in Q4 Surged 5.7%, Apple Unveils the iPad
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David Moenning's Daily State of the Markets: 4/30
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Top 10 News Items 10/27-10/31: Following One of the Worst Months in Stock Market History, Equities Posted a Late-Stage Rally; DJIA Finished October Down Only 13%
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Trading Radar for 10/29: Kraft (KFT), Procter & Gamble (PG), Visa (V), First Solar (FSLR), Comcast (CMCSA), Legg Mason (LM), MGM MIRAGE (MGM) Report; FOMC Policy Statement Due
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Trading Radar for 8/5: Cisco (CSCO), MGM MIRAGE (MGM), Procter & Gamble (PG), Archer Daniels Midland (ADM), Whole Food Markets (WFMI) Report; FOMC Policy Statement Due
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David Moenning's Daily State of the Markets: 04/30
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Trading Radar 4/30: Garmin (GRMN), Kraft (KFT), Starbucks (SBUX), Time Warner (TWX), Procter & Gamble (PG), Las Vegas Sands (LVS); GDP for Q1, ADP Employment Report, and FOMC Policy Statement Due
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David Moenning's Daily State of the Markets: 4/9
