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RBA Glossary definition for FOMC

FOMC – Federal Open Market Committee

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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach

28 Feb 2017 RDP 2017-01
David Reifschneider and Peter Tulip
We draw several conclusions. First, if past performance is a reasonable guide to future accuracy, considerable uncertainty surrounds all macroeconomic projections, including those of FOMC participants. ... the intervals cover about 70 percent of possible
https://www.rba.gov.au/publications/rdp/2017/2017-01.html
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Appendix C: Further Results on Risk Management-driven Policy Decisions

1 Oct 2017 RDP 2017-06
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Further, they focus on the information possessed by the FOMC in real time, while our VAR framework employs revised data. ... Statements. Cuban missile crisis. FOMC HM 23/10/1962 meeting. ‘With regard to policy, Mr.
https://www.rba.gov.au/publications/rdp/2017/2017-06/appendix-c.html
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Lessons of the Crisis

10 Dec 2014 RDP 2014-02
Peter Tulip
Footnote. See their presentation to the FOMC on 29 January 2002 (FOMC 2002).
https://www.rba.gov.au/publications/rdp/2014/2014-02/lessons-crisis.html
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Alternatives and Limitations

31 Dec 2012 RDP 2012-07
Peter Tulip and Stephanie Wallace
The Federal Open Market Committee (FOMC) started releasing estimates of uncertainty with its forecasts in November 2007. ... This projection was associated with a RMSE of 1.1 percentage points, which was the average over the previous twenty years (FOMC
https://www.rba.gov.au/publications/rdp/2012/2012-07/alt-limitations.html
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References

31 Dec 2004 RDP 2004-10
Ellis Connolly and Marion Kohler
Federal Open Market Committee (FOMC) (1997), Transcript of the FOMC meeting on February 4–5, Board of Governors of the Federal Reserve System, pp 9–14.
https://www.rba.gov.au/publications/rdp/2004/2004-10/references.html
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What's Going on?

29 May 2017 RDP 2017-02
James Bishop and Peter Tulip
Moreover, evidence for the United States suggests that FOMC members are unable to improve on staff forecasts (Romer and Romer 2008), which suggests that private information sets of Board members are
https://www.rba.gov.au/publications/rdp/2017/2017-02/whats-going-on.html
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The International Environment

5 Nov 2021 SMP – November 2021
The FOMC indicated that similar reductions are likely to be appropriate in subsequent months, implying that net purchases are likely to reach zero in mid 2022. ... The FOMC noted that the pace of purchases could be adjusted if there were changes to the
https://www.rba.gov.au/publications/smp/2021/nov/the-international-environment.html

References

14 Mar 2016 RDP 2016-01
Angus Moore
FOMC (Federal Open Market Committee) (2009), ‘Minutes of the Federal Open Market Committee December 15–16, 2009’.
https://www.rba.gov.au/publications/rdp/2016/2016-01/references.html
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Domestic Financial Conditions

6 Aug 2021 SMP – August 2021
It depreciated in the period following the June FOMC meeting, and is close to its lowest levels this year. ... on shorter-term US government bonds following the June FOMC meeting (Graph 3.35).
https://www.rba.gov.au/publications/smp/2021/aug/domestic-financial-conditions.html

References

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
Hausman J and J Wongswan (2011), ‘Global Asset Prices and FOMC Announcements’, Journal of International Money and Finance, 30(3), pp 547–571.
https://www.rba.gov.au/publications/rdp/2019/2019-03/references.html
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