The Economy & the Fed

FOMC (Federal Open Market Committee)

The group inside the Federal Reserve that sets interest-rate policy. It has twelve voting members — the seven Fed governors, the president of the New York Fed, and four of the other eleven regional Fed presidents in rotation — and it meets eight times a year. After each meeting it announces its target for the federal funds rate and explains its thinking. Markets watch the decision and the statement word by word, because they set the cost of borrowing across the whole economy.

Educational information, not investment advice. See it applied across the screener →