rates
What is FOMC (Federal Open Market Committee)?
The Federal Open Market Committee is the Federal Reserve group that votes on interest rates. It holds eight scheduled meetings a year and announces each decision in a statement on the final day, followed by the chair's press conference. Minutes of each meeting come out about three weeks later.
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In WallStreetDigest editions
· The Week Ahead
Week ahead: Fed decision, consumer confidence, and Visa results
The chair's press conference may shape mortgage quotes more than the decision itself.