Save this for your calendar....
If you get anxious, or just want to be fully informed about the Fed and its upcoming meetings, I wanted to supply you with this year's meeting schedule for the FOMC (Federal Open market Committee).
The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-term goals of price stability and sustainable economic growth.
The Federal Reserve influences the demand for, and the supply of, balances that depository institutions hold at Federal Reserve banks...and in this way alters the federal funds rate.
Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long term interest rates, the amount of money and credit, and...ultimately, a range of economic variables ~ including employment, output and the prices of goods and services.
Meeting Agenda is as Follows:
January 29h - 30th, 2008
March 18, 2008
April 29th-30th, 2008
June 24th-25th, 2008
August 5, 2008
September 16, 2008
October 28th-29th, 2008
December 16, 2008
January 27th-28th, 2009
Good luck to us all.....
Thank you for making me Your Orange County Real Estate Connection
Best regards, Michael Caruso