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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]
Previously, the minutes were released only after the next meeting had already finished, rendering them only of historical interest; this was changed to be released three weeks after the date of a policy decision. The minutes thus became available for predicting the FOMC's action in the next meeting. Official statement: November 10, 2004 2.00% 3.00%
The FOMC typically meets about every six weeks, culminating in about eight meetings a year. Broader economic events could, however, prompt the Fed to meet outside of its original schedule.
"The overall tone of the FOMC minutes was cautiously hawkish - the commitment to remaining in restrictive territory for 'some time' was the clearest takeaway," said Ian Lyngen, strategist with BMO ...
Yahoo Finance Live anchors discuss the Fed’s FOMC meeting, the pace of rate hikes, and the outlook for inflation. ... Fed: What to know about the minutes from the latest FOMC meeting.
It seems FOMC members were aware—as Fortune reported prior to the release of July’s minutes—that the BLS would soon revise its payroll data much lower. That revision came Wednesday, when the ...
The Federal Reserve released the minutes of its Sept. 20-21 Federal Open Market Committee meeting, suggesting it will remain hawkish for the next several months. The minutes noted that inflation ...
Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a ...