by the Federal Reserve Bank (the Fed) and gives traders valuable
insights into the Fed’s decision-making process through
those reports. The committee meets eight times a year, and
there is an announcement after the close of each meeting.
A change in the federal funds rate (the rate at which banks
lend money to each other) as mandated by the Fed affects
interest rates across the board and can have a major impact
on business decisions across a wide range of businesses and
industries. The results for the FOMC meetings are reported
on the Federal Reserve Web site at www.federalreserve.gov.
Mastering the Currency Market
36