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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UPDATE: Gold Under Heavy Pressure, Breaks Below $1500/ounce
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UPDATE: Gold Rises as Chicago Fed President Supports Bond-Buying Initiative (GLD) (SLV)
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$1675 Seen Supportive of Gold Prices (GLD) (IAU) (SLV)
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Investors and Hedge Funds Hang on Tight as Gold Sets Up for 2nd-Half Rally (GLD) (IAU) (SLV)
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Precious Metals Sit on Highs but Jackson Hole Speech Could Disappoint (SLV) (GLD) (IAU)
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Gold Bulls Rule the Day (GLD) (IAU) (SLV)
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Action in Metals Heats Up Ahead of FOMC Minutes (GLD) (IAU) (SLV) (PPLT)
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Thin Volumes Mask an Intense Battle as Gold Nears Top End of Range (GLD) (IAU) (SLV)
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Notable ETF Movers of the Day 07/09: (UNG) (SLV) (XLV) Higher; (XLF) (TAN) Lower
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Silver Traders Await FOMC Comments on Wednesday
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Notable ETF Movers of the Day 04/25: (UNG) (MOO) (XLK) Higher; (SLV) (UUP) Lower
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Notable ETF Movers of the Day 08/09: (XLF) (SPY) (XLK) Higher; (VXX) (SLV) (ITB) Lower
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Notable ETF Movers of the Day 04/26: (XLI) (SPY) (XLK) Higher; (VXX) (GLD) (UUP) Lower
