the Federal Open Market Committee Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “the Federal Open Market Committee” in the English Dictionary

"the Federal Open Market Committee" in Business English

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the Federal Open Market Committeenoun

uk   us   (abbreviation the FOMC) FINANCE, GOVERNMENT
a ​group of twelve ​people who are ​responsible for making decisions ​relating to ​interest and ​creditrates for the Federal Reserve System: Recent ​rate decisions by the Federal Open Market Committee have been ​based on the need to ​balance the ​risks for ​growth and ​inflation.
(Definition of the Federal Open Market Committee from the Cambridge Business English Dictionary © Cambridge University Press)
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