- Federal Open Market Committee (FOMC) Widely Expected to Deliver Another $10B Taper - Will There Be a Larger Dissent as the Fed Looks to End QE in October? Trading the News: Federal Open Market Committee (FOMC) Interest Rate Decision The Federal Open Market Committee (FOMC) interest rate decision may spur a bearish reaction in the dollar (bullish EUR/USD) if the central bank remains reluctant to move away from the zero-interest rate policy (ZIRP). What’s Expected: ...