FOMC


Also found in: Financial.
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
FOMCFuture of Music Coalition (Washington, DC)
FOMCFruit of the Month Club (Harry and David; Medford, OR)
FOMCFalling out of My Chair
References in periodicals archive ?
Two apparently 'dovish' voting members of the FOMC in 2017, Evans and Kashkari, were replaced by the 'hawkish' Mester and Mullinix, joined by the lately rate-hike-friendly so-called 'centrist' Williams.
How does the FOMC transmit macroeconomic expectations?
To answer this question, we examine how uncertainty about future interest rates, as measured by options prices from financial markets, changed after the FOMC began releasing its participants' projections for the appropriate federal funds rate.
The process of scaling back accommodation has so far proceeded at a slower pace than most FOMC participants anticipated in 2014.
Markets are waiting as the FOMC meeting nears, to decide on interest rate increase.
The more fundamental reason for the shift in policy trajectory is the ongoing change in how most FOMC participants view the key parameters of the economy.
The FOMC last raised the federal funds target rate to a range of 0.
These data-dependent changes likely give the FOMC more leeway in its normalization program," he said.
The FOMC enjoys a legal mandate that shields its discretion to a remarkable degree.
The FOMC has 19 members: 7 board of governors and 12 Federal Reserve Bank presidents.
For example, FOMC members once again showed concern over a possible decline in future inflation readings, alongside indicating downside risks have increased in China, Japan and Europe.
1) The FOMC ordinarily meets eight times per year and at each meeting votes on a directive that governs the conduct of monetary policy during the period between meetings.