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FOMC

   Also found in: Financial, Wikipedia 0.41 sec.
AcronymDefinition
FOMCFederal Open Market Committee (policy-making arm of the Federal Reserve Bank)
FOMCFort McHenry National Monument and Historic Shrine (US National Park Service)
FOMCFell Off My Chair


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Since June 2004, the Federal Reserve has been raising the fed funds rate by a quarter of a point at each FOMC meeting.
FOMC minutes can be viewed on the Board's web site at www.
Eventually, though, rates are headed up--even Federal Reserve Chairman Alan Greenspan acknowledges that much--and a few economists say it might happen as early as the FOMC meeting on June 29.
 
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