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FOMC

   Also found in: Acronyms 0.02 sec.
See Federal Open Market Committee.
FOMC


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Since June 2004, the Federal Reserve has been raising the fed funds rate by a quarter of a point at each FOMC meeting.
FOMC minutes can be viewed on the Board's web site at www.
Eventually, though, rates are headed up--even Federal Reserve Chairman Alan Greenspan acknowledges that much--and a few economists say it might happen as early as the FOMC meeting on June 29.
 
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