Federal Open Markets Committee
ORG
Federal Open Markets Committee Fed Federal Reserve
The Fed has raised rates at each of the last 15 meetings of its policy-setting Federal Open Markets Committee, stretching back to June 2004, when the rate was bottomed out at 1 percent. Some investors had hoped that the Fed would now pause, particularly since the economy grew at an anemic annual rate of only 1.7 percent in the last three months of 2005.