The
#加密概念美股 Federal Reserve FOMC meeting, or Federal Open Market Committee meeting, is a key meeting that determines U.S. monetary policy. Below is an introduction to it:
Meeting Composition
The FOMC is composed of 12 voting members, including 7 Board members, the President of the New York Fed, and 4 other regional Fed Presidents. The 7 Board members are nominated by the President of the United States and confirmed by the U.S. Senate; the New York Fed President has permanent voting rights; the 4 other regional Fed Presidents are elected in rotation from the 11 regional Fed Presidents excluding the New York Fed President, with a term of 1 year.
Meeting Schedule
The committee holds eight regular meetings each year in January, March, May, June, July, September, October, and December, generally lasting one to two days. Among these, the minutes of the meetings in March, June, September, and December will publish a dot plot of the 19 participants' forecasts regarding the federal funds target rate, economic growth rate, inflation rate, and unemployment rate.
Meeting Content
The main topics of discussion include the state of the economy, financial market risks, monetary policy decisions, and economists from the Fed will present research findings. The meeting pays special attention to economic growth and inflation, with the monetary policy goal of seeking a balance between economic growth and inflation, based on which the interest rate target range is set.
Recent Meeting Situation
- March 2025 Meeting: On March 19, 2025, U.S. time, the Federal Reserve announced the FOMC meeting statement and economic forecasts. The meeting maintained the policy interest rate in the range of 4.25%-4.50%, planning to further slow down the balance sheet reduction starting in April, decreasing the pace of Treasury bond reduction from $25 billion per month to $5 billion. The median forecast for economic growth in 2025 was significantly revised down from 2.1% to 1.7%, the unemployment rate was revised up from 4.3% to 4.4%, and the median forecasts for PCE and core PCE inflation rates were revised up by 0.2 and 0.3 percentage points to 2.7% and 2.8%, respectively.
- June 2025 Meeting: This meeting will be held from June 17 to 18, U.S. time. Research reports from CICC indicate that this FOMC may slightly raise inflation forecasts, but due to the resilience of non-farm employment and cooling tariffs, the Fed's judgment on growth may be more optimistic than in March, and Powell's stance at this meeting may lean hawkish.