FOMC (Federal Open Market Committee) Meeting Schedule / Calender 2020
| Month | Date | Event / Meeting |
| January | January 28-29 | Federal Open Market Committee Meeting (January 2020) |
| March | March 19-20 | Federal Open Market Committee Meeting (March 2020) |
| April / May | April 28-29 | Federal Open Market Committee Meeting (April / May 2020) |
| June | June 9-10 | Federal Open Market Committee Meeting (June 2020) |
| July | July 28-29 | Federal Open Market Committee Meeting (July 2020) |
| September | September 15-16* | Federal Open Market Committee Meeting (September 2020) |
| November |
November 4-5
|
Federal Open Market Committee Meeting (November 2020) |
| December |
December 15-16*
|
Federal Open Market Committee Meeting (December 2020) |
What is the Federal Open Market Committee (FOMC)?
The Federal Open Market Committee (FOMC) is the department of the Federal Reserve Board that determines the path of financial coverage. The FOMC meets a number of instances 12 months to debate whether or not to take care of or change present coverage. A vote to alter coverage would lead to both shopping for or promoting U.S. authorities’ securities on the open market to advertise the expansion of the financial system.
A meeting of the Federal Open Market Committee, or FOMC, which is scheduled eight instances yearly with extra conferences as required. The 12 administrators of the FOMC encompass seven members of the Federal Reserve Board and 5 presidents of the Federal Reserve Bank. Workers officer’s current on international monetary developments, together with traits in provide and demand, prices and wages, employment and manufacturing charges, shopper earnings and spending practices, actual property, overseas trade markets, rates of interest, and varied types of fiscal coverage.
FOMC Process
The Federal Open Market Committee (FOMC) has eight repeatedly scheduled meetings annually though they’ll meet extra typically if vital. The conferences of the committee, that are secret, are the topic of a lot hypothesis on Wall Street as analyst’s postulate on whether or not the Fed will tighten or loosen the cash provide with an ensuing rise or fall in rates of interest.