Next Federal Open Market Committee (FOMC) Meeting Has Been Extended

The next meeting of The Federal Open Market Committee (FOMC), which is scheduled for March 28, 2006, has been extended to cover 2 days: the meeting will begin in the afternoon of March 27 and will continue on March 28, 2006. Reason: The next meeting will be Dr. Ben Bernanke's first as Chairman of The FOMC, so more time has been allotted.

A statement from The FOMC about interest rates will be released by the end of the business day on Tuesday, March 28, 2006, so check back here at that time for the latest prime rate news.

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