( FOMC)
The body that is responsible for setting the interest rates and credit policies of the Federal Reserve System. Bloomberg Financial Dictionary
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Federal Open Market Committee ˌFederal ˌOpen ˈMarket Comˌmittee abbreviation FOMC noun ORGANIZATIONS
a committee of the Federal Reserve Board that sets monetary policy:
• Bond investors will be watching closely as the Federal Open Market Committee meets on Tuesday.
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► See FOMC.
Financial and business terms. 2012.