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Federal Open Market Committee (FOMC)

FOMC (Federal Open Market Committee) is the branch of the United States Federal Reserve that determines the course of monetary policy. FOMC announcements inform everyone about the US Federal Reserve’s decision on interest rates and are one of the most anticipated events on the economic calendar. The FOMC may decide to increase, decrease or keep interest rates steady, having a tremendous effect on currency values. The FOMC’s Board of Governors is composed of seven members and five reserve bank presidents.

FOMC News & Analysis

US 2Q GDP, FOMC and NFPs Take the Reins on High Event Risk this Week
The US Dollar faces a bevy of significant economic data this week that may have a strong and lasting impact in shaping interest rate expectations.
Weekly Trading Forecast: FX Markets Brace for US GDP, NFPs and FOMC Decision
A number of the majors have taken a substantial change in course this past week. Will the dollar be able to leverage the move with a dramatic round of data ahead?
Trading Video: Risk Trends and Rate Expectations Amid FOMC, NFPs, GDP
With the US docket alone carrying the quarterly GDP reading, nonfarm payrolls report and FOMC rate decision; it looks like we are set for a busy week.
Strategy Video: Market Puts Hurricane Shutters on Dollar Trades
Event risk and fundamental trends weren't very favorable to the US Dollar this past week, but that didn't prevent the currency from marking a convincing bullish turn through the p...
GBP/USD to Carve Higher-Low on Dovish FOMC
The GBP/USD looks poised to resume the bullish trend carried over from the previous year as the Bank of England (BoE) shows a greater willingness to normalize monetary policy sooner rather than later.
Gold Defends July Lows- Outlook Hinges on GDP, FOMC, NFPs
Gold prices are softer on the week with the precious metal off by 0.51% to trade at $1298 ahead of the New York close on Friday.
US Dollar Ready for Break…But Direction Awaits Volatility or Fed
The Dow Jones FXCM Dollar Index (ticker = USDollar) continues to linger conspicuously close to a level that has held the floor on the currency for the past 16 months. Whether the ...
Dollar and Yields Ignore FOMC Minutes, Retreat
The Fed inched closer to its first rate hike this past session, yet the Dow Jones FXCM Dollar Index (ticker = USDollar) nevertheless fell for the fourth consecutive session.
Trading Video: EURUSD Immune to Fed and ECB Rate Divergence?
The Fed's shift away from subsidizing speculative appetite is clear...but perhaps not flagrant enough to turn the soaring equities market and turn the US Dollar to a new bull tren...
Strategy Video: Why Aren’t Fed Rate Forecasts Driving the Dollar?
The FOMC minutes reinforced a forecast that will carry a lot of weight with global capital markets and the US Dollar: a transition to policy tightening and rate hikes.