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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 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.
FOMC Minutes See Growth, End of QE and Financial Risk
The FOMC minutes reinforced the bank’s steady path towards policy tightening and warned again on financial complacency, but neither the dollar nor US equities responded as e...
Bearish USD Setup in Focus Ahead of FOMC Minutes, Yellen Testimony
The Dow Jones-FXCM U.S. Dollar Index retains the bearish setup head of the FOMC Minutes, while the NZD/JPY eyes fresh highs.
Hawkish FOMC Minutes Should Spark EUR/USD, USD/CAD at Crossroads
Better than expected June US labor data may have set the table for a US Dollar rally, but it could be today's FOMC minutes that shake the greenback out of its low volatility lull.
USD/JPY Overlooks Japan Machine Tool Orders Ahead Of FOMC Minutes
Japan Machine Tool Orders came in at 34.2 percent, having accelerated from the prior month. USD/JPY saw a relatively muted reaction to the release.
WTI At A Crossroads Ahead of Inventories, Gold Looks To FOMC Minutes
WTI is at a critical juncture near technical support ahead of inventories data, while the June FOMC Meeting Minutes will likely catalyze volatility for gold and silver.
US Dollar May Rise as FOMC Minutes Bolster Interest Rate Outlook
The US Dollar may resume last week’s advance as minutes from June’s FOMC policy minutes inspire a supportive shift in the markets’ interest rate expectations.