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Thursday, July 20, 2006

FOMC Meeting Schedule (Tentative) for 2007

Earlier today, The Federal Open Market Committee (FOMC) released its tentative monetary policy meeting schedule for 2007. The FOMC doesn't always stick to the exact dates on the schedule (hence tentative), but they do always meet at least 8 times per calendar year.

Why is this schedule important to you? Because it is at these monetary policy meetings that The FOMC votes on whether to raise, lower or make no changes to The Fed Funds Target Rate, and when the Fed Funds Target Rate changes, The Wall Street Journal® Prime Rate (also known as the fed, national or U.S. Prime Rate) will also change.

Here's the tentative schedule for 2007:

January 30-31, 2007

March 20-21, 2007

May 9, 2007

June 27-28, 2007

August 7, 2007

September 18, 2007

October 30-31, 2007

December 11, 2007