| FOMC Schedule | Basis Point |
Funds Rate % |
| December 16, 2008 | 75-100 |
0-0.25 |
| Octorber 29, 2008 | 50 |
1 |
| October 8, 2008 | 50 |
1.5 |
| April 30, 2008 | 25 |
2.00 |
| March 18, 2008 | 75 |
2.25 |
| January 30, 2008 | 50 |
100 |
| January 22, 2008 | 75 |
3.5 |
| December 11, 2007 | 25 |
4.25 |
| October 31, 2007 | 25 |
4.5 |
| September 18, 2007 | 50 |
4.75 |
| June 29, 2006 | 25 |
5.25 |
| May 10, 2006 | 25 |
5.00 |
| March 28, 2006 | 25 |
4.75 |
| January 31, 2006 | 25 |
4.5 |
| December 13, 2005 | 25 |
4.25 |
| November 1, 2005 | 25 |
4.00 |
| September 20, 2005 | 25 |
3.75 |
| August 9, 2005 | 25 |
3.5 |
Federal Open Market Committee has seven Governors of the Federal Reserve Board and five Federal Reserve Bank presidents. The FOMC meets eight times a year in order to determine the near-term direction of monetary policy, but can have unscheduled meetings to change the federal funds rate if the FOMC deems necessary.
There is no economic data that can move the market as much as when the FOMC meets to announce to monetary policy. The speculation leading up to the FOMC meeting becomes an event in itself. The speculation climaxes at the moment the Federal Reserve Board announces the latest FOMC policy. The debate and analysis following the meeting is intense for the next 24 hour news cycle before the financial markets finally come to a point of equilibrium.