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Does the FOMC Meeting Matter?

Does the FOMC Meeting Matter?

5 Years ago | April 29, 2015 00:00:00

By Jay Meisler

With the focus of all global markets on today's FOMC decision, the question I would like to ask is "Does it really matter?" The reason I ask this is because of the reaction in the forex market to the March FOMC statement and press conference (dollar sharply down on a dovish spin) and then its subsequent response to the minutes published in April for the same meeting (dollar up on a hawkish spin).

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