Definition of Federal Open Market Committee in English:
A committee of the Federal Reserve Board that meets regularly to set monetary policy, including the interest rates that are charged to banks.
- The Federal Open Market Committee has a practice, authorized by regulation, of withholding certain monetary policy directives from the public during the month they are in effect.
- The afternoon release of Federal Open Market Committee minutes from the board's October 31 meeting was the clear highlight of the day's trade.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in India
Most popular in Pakistan