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FOMC Meeting

Fed Days are days when the FOMC (Federal Open Market Committee) make announcements on interest rates. These FOMC days usually see a low range and low volume day up to 14:15 EST when the announcement is made and then the day changes into a volatile high volume afternoon. The FOMC change (or leave the same) the Fed Funds Rate.

Today's FOMC Meeting is the 8th scheduled meeting of the year and also the last meeting for 2005.

The FOMC has raised the interest rate by 25 basis points (1/4 percent) in each of the meetings so far this year.