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The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Official statement: April 30, 2008 2.00% 2.25% 8–2 The FOMC cut rates by 25 basis points.
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed) that is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). [1]
December FOMC meeting recap: Fed cuts rates by another quarter point ... Post-meeting statement released January 31, 2024. Federal Open Market Committee minutes [PDF] released February 21, 2024 ...
Editor’s note: This story has been updated with additional details. The Federal Reserve slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting ...
After each Fed meeting, the FOMC issues a policy statement that explains what officials decided to do and why. Three weeks after each meeting, records of that meeting known as minutes are published.
None of the FOMC members had expected the headline figure to be so low. “Job gains have been solid in recent months, and the unemployment rate has declined substantially,” the FOMC statement ...
As a result, about 80% of annual realized excess stock returns since 1994 are accounted for by the pre-FOMC announcement drift". In fact, about half of the realized excess stock market returns between January 1980 and March 2011 were earned during the "pre-FOMC" window whereas there is no evidence of pre-FOMC returns before 1980. [ 4 ]
The next FOMC meeting is scheduled to take place Jan. 25 and 26. Brian Cheung is a reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz .