FOMC Board Member Meeting
FOMC Meeting Minutes
Will the FED Hike Interest Rates in December?
Starts Tuesday, December 18, 2018 at 17:37
Updated Monday, November 26, 2018
The Federal Reserve is widely expected to increase interest rates in December. Although, we saw that retail sales posted a massive decline of 4.4% last week, but core retail sales grew slightly by 0.1%. We have heard some rumors that the FED might slow the pace of rate hikes next tear, so perhaps we will get some comments which might indicate just that. But first, the market will be more interested to know if the FED will really increase interest rates again in December. Please follow us for live coverage of this event and the impact it might have on the currency by live market analysts.
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About FOMC Meeting Minutes
The Federal Open Market Committee (FOMC) is the policy-making body of the U.S. Federal Reserve System (FED). It is scheduled to meet five to eight times annually, with the intent of addressing the current state of the U.S. economy. Decisions are made regarding the management of the USD, including interest rate adjustments and the purchase/sale of U.S. government debt.The FOMC Meeting Minutes are a written record of the presentations and discussions of the previous FOMC meeting. They are released to the public three weeks after each scheduled meeting. Included are summaries of policy decisions, economic forecasts, and dissenting opinions of the FOMC members.FOMC minutes give active traders and investors valuable insights into the inner workings of the FED. The minutes often allude to coming policy decisions as well as the overall tone of the committee. Markets are capable of reacting unpredictably to surprise disclosures in the release, specifically USD valuations.