- Federal Open Market Committee (FOMC) Widely Expected to Remove Zero-Interest Rate Policy (ZIRP). - Will There Be a Unanimous Vote to Implement Higher Borrowing-Costs? Trading the News: Federal Open Market Committee (FOMC) Interest Rate Decision Based on Fed Funds Futures, market participants are pricing a 76% probability for a rate-hike a the Federal Open Market Committee’s (FOMC) December 16 interest rate decision, and the fresh updates coming out of the central ...