To view and print a PDF version of the Q3 2015 Commentary, click here. The Federal Open Market Committee (FOMC) is the group which establishes interest rate targets for the Federal Reserve’s monetary policy. On December 14, 2008, the FOMC cut the federal-funds rate to near-zero, where it has remained for
The commentary offered is general in nature. It is not intended to be complete or used as a primary basis for financial decisions.