iShares MSCI Emerging Markets Indx (ETF) (EEM) |
Must-know: Will the September FOMC’s updates impact ETF returns?
The 12-member Federal Open Market Committee (or FOMC) is the U.S Federal Reserve’s main monetary policy-setting body. The FOMC holds eight meetings a year. At the meetings, important decisions are made on interest rate changes and money supply. Financial markets anticipate the policy statements at the end of each FOMC.