FOMC

The Federal Open Market Committee is otherwise known as the FOMC. The FOMC is in charge of the U.S. monetary system, determining interest rate levels and appropriate changes to the money supply. The FOMC conducts open-market operations, buying and selling U.S. Treasuries to affect interest rates. The FOMC also targets the federal funds rate, which is the interest rate that commercial banks pay for lending to one another.


The powerful Federal Open Markets Committee (FOMC) appeared conflicted on Wednesday June 17, holding interest rates steady at historic lows while foreshadowing two rate rises later this year. Moderate improvements in the housing sector and household spending were offset by…

The U.S. dollar was broadly higher against a basket of other major currencies on Tuesday, June 16 as traders wait on the Federal Reserve's monthly policy meeting. As of 10:30 a.m. ET, the U.S. dollar index, which measures the greenback’s…

Even though the Dow Jones Industrials just hit their best level since 2007, the Dow Jones Transportation Index began to appreciate with the other major indices only in the last week—and this is with buoyant oil prices. It all leads…

The stock market is on the third leg of a repeating pattern that began about three years ago. The spectacular stock market decline that began in 2008 hit a bottom in March 2009, and then promptly recovered. July 2009 saw…

The stock market certainly isn’t going up because of stronger expectations for corporate earnings. But I think all the conservative forecasts by corporations will lead to another quarter of mostly outperformance this upcoming earnings season. Companies have consistently been able…

The price of gold is going up, and it just crossed $1,660 an ounce. Silver crossed $30.00 an ounce. You might say that precious metals are back. You can plainly see the resurgence in gold stocks, which have really turned…

I’ve been writing in the pages for weeks on how economies worldwide are slowing and how this will affect the earnings of the major U.S. corporations. Yesterday, the fears came to fruition for stock markets. The Dow Jones Industrial Average…

The Fed has really been put through the ringer after it decided to push its way into the Treasury market one more time and unleash Quantitative Easing II (QE2) onto the U.S. financial systems in an effort to keep interest…

— "Profit Confidential" Column, by Michael Lombardi, CFP, MBA The stock market yawned last week when Intel Corporation (NASDAQ/INTC) reported earnings substantially higher than analyst expectations. The stock market was asleep when better-than-expected earnings came out from JP Morgan Chase…

— by George Leong, B. Comm. It is great to be a bull at this time, as the market is trading with an upside bias. As of August 13, the overall U.S. market is edging higher after the recent pause.…