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WHAT IS THE FOMC?

WHAT IS THE FOMC?

FOMC is the Federal Open Market Committee that meets 8 times per year to discuss mainly 2 things: review the present financial information, and make a decision on what type of intervention will be required. If the FOMC decides to increase interest rates, there is a possibility for increase in demand for the US dollar value, so traders can speculate on the price increase of USD.

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