Forex Dictionary

FOMC Statement

FOMC Statement

Usual Effect More hawkish than expected = Good for currency; Frequency Eight times per year; FF Notes The FOMC usually changes the statement very slightly at each release. It's these changes that traders focus on. Acronyms Federal Open Market Committee (FOMC); Also Called Monetary Policy Release; Why Traders Care It's the primary tool the FOMC uses to communicate with investors. It contains the outcome of their vote on the federal funds rate, a brief commentary of the economic conditions that effected their vote, and most importantly, clues about the outcome of future votes. Derived Via The 10 members of the FOMC decide on what to include in the statement;