Results for category "fundamentals"

The Federal Open Who?

Background information:

If you’re actively trading, one thing you’ll hear other traders talking about from time to time is “FOMC Day”. Eight times a year, the Federal Open Market Committee, or FOMC, gets together and discusses various topics including economic growth, unemployment, interest rates and inflation. After the meeting the committee makes an announcement to the world regarding what they discussed. Often you’ll see the market react violently to this announcement, which usually happens at 2pm, so it’s worth it to understand exactly what implications these meetings have, what the FOMC is talking about and how …