FOMC

The FOMC meets several. Federal Open Market Committee FOMC.

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The FOMC may decide to increase decrease or keep interest rates steady having a tremendous effect on currency values.

. As an arm of the Federal Reserve System its goal is to promote maximum employment and to provide you with stable prices and moderate interest rates over time. The FOMC uses monetary policy to influence the availability of money and credit. The Federal Open Market Committee FOMC concluded its July 26-27 meeting by raising the federal funds target rate by 75 basis points bps to a range of 225 to 250.

The Federal Open Market Committee FOMC is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMCs Board of Governors is composed of seven members and five reserve. This is the second Fed.

The Federal Open Market Committee FOMC conducts monetary policy for the US.

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