Federal Open Market Committee (FOMC)

Business / Taxes / Federal Open Market Committee (FOMC): The Open Market Committee (FOMC) of the Federal Reserve Board meets eight times a year to evaluate the threat of inflation or recession. Based on its findings, the 12-member FOMC determines whether to change the discount rate or alter the money supply to curb or stimulate economic growth. For example, the FOMC may raise the discount rate, which the Federal Reserve charges member banks to borrow, with the goal of tightening credit and limiting inflationary growth. It may lower rates to encourage borrowing and economic expansion. Or, it may take no action. Changes in the discount rate result in virtually immediate changes in the short-term rates that banks charge consumers — and each other — to borrow. The Federal Reserve Bank of New York implements FOMC decisions to alter the money supply. It buys government securities to put more money into circulation and loosen credit or it sells securities to take money out of the market and tighten credit.

Other Words for Committee

Committee Verb Synonyms: council, board, cabinet, panel, body, commission
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Other Words for Market

Market Noun Synonyms: demand, customer base, call
Market Adjective Synonyms: shop, store, bazaar, supermarket, superstore
Market Verb Synonyms: market-place, exchange, Stock Exchange
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Other Words for Open

Open Verb Synonyms: unblock, clear, unobstruct, unclog, unstop
Open Adjective Synonyms: ajar, gaping, agape, unfastened, unlocked, unbarred, unbolted, unlatched, unclosed
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Open (Good-Till-Cancelled) Order (GTC Order)

Business / Finance / Open (Good-Till-Cancelled) Order (GTC Order): Order to buy or sell a security that stays active until it is completed or the investor cancels it. MORE

Open (Protected) Motor

Technology / Motors / Open (Protected) Motor: A motor having ventilating openings which permit passage of external cooling air over and around the windings. The term 'open machine', when applied to large apparatus without qualification, designate MORE

Open

Entertainment / Basketball / Open: When a player is unguarded by a defender. MORE

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