September FOMC Announcement: No Rate Change
In the just-released FOMC statement, the Fed announced no change to the Fed Funds target rate, leaving it in...
The Federal Open Market Committee (FOMC) is a branch of the U.S. Federal Reserve System that regulates the monetary policy of the country and oversee the open market operations. The Fed, as it is colloquially known, determines the federal funds rate, and in turn, directly influences foreign exchange rates, inflation, employment, and overall economic output. Announcements from the FOMC are high-impact news on the markets that financial traders need be informed of and prepare.
