FOMC Announcement: Impact on Domestic and Global Markets

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The Federal Open Market Committee, or FOMC, is an arm of the Federal Reserve, responsible for determining the direction of monetary policy here in the United States. The FOMC holds eight regularly scheduled meetings throughout the year, and June 15 is FOMC Meeting Day.

Watch NinjaTrader’s Jim Cagnina and special guest Jim Iuorio discuss the FOMC day, what might be expected from the markets in response, and possible implications for the retail trader.

Topics covered include:

  • Understand the tools used by the Fed to steer monetary policy
  1. open market operations
  2. discount rate
  3. booking conditions
  • Discuss the rumor. Increase in the rate of 75 percentage points, which would be the largest since 1994 .
  • Discussion on the morning announcement by the European Central Bank of an emergency meeting.
  • What happens to stocks following the Fed’s decision?
  • How can domestic and global inflation influence Fed actions?
  • Global inflation, Federal Reserve actions and foreign currencies with a look at the recent price action of the British pound against the US dollar.

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