Glossary · Economy

FOMC (the Fed’s rate meeting)

The Federal Open Market Committee: the Fed group that sets the target for short-term interest rates, eight times a year.

Why it matters

Its decisions and statements move every market. The press conference after the 2:00 pm ET announcement often matters more than the decision itself.

How to read it

Markets usually price the decision in advance; surprises come from the guidance about the next meetings.

Also called: Fed meeting, rate decision

Related

InflationThe rate at which prices rise across the economy, usually measured over a year.Yield curveThe line connecting Treasury yields from short (3 months) to long (30 years) maturities.

In the Cluenex app, this explanation opens next to every fomc (the fed’s rate meeting) figure, with the live reading for the stock you are looking at. Open it in Cluenex