The meeting where monetary policy makers at the U.S. Federal Reserve gather to discuss the state of the economy and make pivotal decisions, such as adjusting interest rates.
Why is it important?
Because the decision made there can move global markets!
Raise the interest rate? The dollar rises, and stocks may fall.
Lower the interest rate? The opposite happens.
How often is it held?
The meeting is held about 8 times a year, and each time investors around the world await it as if it were the final of a cup!
What is its goal?
Achieving a delicate balance between:
Supporting economic growth
and controlling inflation.
In summary:
The FOMC Meeting is like the control room for the American economy… and all markets are watching its decisions.