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
- open market operations
- discount rate
- booking conditions
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