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FOMC DATA RELEASE AT 6 PM GMT

 In Blog, EDUCATION

The Federal Open Market Committee, a committee within the Federal Reserve System, is charged under United States law with overseeing the nation’s open market operations. This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply.FOMC is the monetary policymaking body of the Federal Reserve System. It is composed of 12 members–the seven members of the Board of Governors and five of the 12 Reserve Bank presidents.

This report, released by Federal Reserve, includes the FOMC’s projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member’s interest rate forecast. The data will be released at 6PM GMT

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