FF Notes : The rate decision is often priced in the market so it tends to be overshadowed by the FOMC Statement which is focused on the future.
Why Traders Care : Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.
Also Called : Interest Rates, Fed Funds Rate.
Frequency : Scheduled 8 times per year.
Next Release : Aug 10, 2011.