Federal Rate Announcements

FOMC Meeting Announcements

Federal Open Market Committe Fund Rate

 

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.

 

 

| ©2003-2008 EconomicReporter.com