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Federal Open Market Committee

Syllabification: Fed·er·al O·pen Mar·ket Com·mit·tee

Definition of Federal Open Market Committee in English:

noun

A committee of the Federal Reserve Board that meets regularly to set monetary policy, including the interest rates that are charged to banks.
Example sentences
  • 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.

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