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Federal Reserve Interest Rate Increase September 2007 (All Stocks | | )
This stock has been paid out and is no longer active. It was paid out on 09/20/07.
Stock Description | Rules
The Federal Open Market Committee (FOMC) is charged under U.S. law with overseeing open market operations in the United States, and is the principal tool of US national monetary policy. (Open market operations are the buying and selling of government securities.) The Committee sets monetary policy by specifying the short-term objective for those operations, which is currently a target level for the federal funds rate (the rate that commercial banks charge on overnight loans among themselves).
Please view Federal Reserve Interest Rate Movement index rules on payouts.
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economy federal reserve (Add)