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 3/21-3/25: Communications Sector Astir as AT&T Bids for T-Mobile; Stocks Continue Bouncing Off Last Week's Lows; Fed to Hold Quarterly Press Briefings
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Notable ETF Movers of the Day 01/26: DIA, XHB, EWY Higher; VXX, GLD, UNG Lower
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Notable ETF Movers of the Day 09/21: UNG, FXE, XHB Higher; XRT, USO, GLD Lower
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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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Notable ETF Movers 12/18: UNG, GLD Up; XRT, FXI, XHB Down
