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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

Trading Video: Dollar Reaction to FOMC Reserved, S&P 500 Takes a Hit
Short-term volatility was surprisingly restrained this past session given the significant fundamental developments.
Strategy Video: Where Does the Dollar Go From Here?
Against a sea of dovish sentiment and policy shifts, the Fed has taken the unusual step of keeping its course towards its first rate hike since 2006.
Dollar Reaction to FOMC Muted On Balanced Statements
Fed doesn't shock traders, USD movement muted.
Price & Time: Key Levels to Watch Ahead of the FOMC
Yearly opening range break looming in the indices?
USD Eyes FOMC Meeting amid Perceived Policy Divergence
Markets are pricing in rate hikes at a completely different pace than what the FOMC has previously laid out.
US Dollar May Fall as FOMC Fails to Fuel Interest Rate Hike Bets
The US Dollar may decline as a status-quo policy announcement from the Federal Reserve fails to meaningfully boost the case for imminent interest rate hikes.
Trading Video: Dollar and S&P 500 Look Precarious Before FOMC
The S&P 500 is within a few days' rally of record highs while the US Dollar has rallied aggressively to hit its own 11-year high
Gold Rally Fizzles Ahead of FOMC, US GDP- 1263 Key Support
Gold prices are higher for a third consecutive week with the precious metal rallying 0.91% to trade at $1292 ahead of the New York close on Friday.
British Pound Likely to Rally if Critical US FOMC Meeting Disappoints
Extremely stretched price and positioning raises the risk of a GBPUSD bounce, but what could reasonably force the Sterling higher?
EUR/USD Open Interest Declines Ahead of Greek Election, FOMC
EUR/USD remains vulnerable to a further decline as market participants turn their attention to the Greek election and the FOMC rate decision on tap next week.