What Is FOMC?
Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). Its mandate is to oversee the nation’s open market operations (i.e. the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply. Interest rates are very important in currency evaluation. Read more about Central Banks and Interest Rates HERE.
On the 31st of January, FOMC will hold its first Monetary Policy meeting of 2024 where they are expected to maintain the Interest Rates at the current rate of 5.50%. Planning is key, save these dates to make your trading year more organized. I have published 2 episodes on my podcast about planning for the 2024 trading year, you can LISTEN here and why I do not ignore fundamentals in my trading, LISTEN here.
Below are the FOMC 2024 dates. Kindly share this post with anyone who may need this information. You can also subscribe to this blog for notifications on new blog posts. To read on the go, download the App on Google Playstore. For private lessons on how to trade FOMC, check my fundamental analysis course HERE or WhatsApp at +27 78 144 6851. Thank you for stopping by. Happy trading.
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