#FOMCMeeting Meeting #FOMCMeeting is the meeting of the Federal Open Market Committee (FOMC), which is the committee responsible for determining monetary policy in the United States. These meetings are held periodically to set interest rates and control the money supply.

Meeting Dates

The Federal Open Market Committee holds 8 regular meetings throughout the year, in addition to other meetings as needed. The upcoming meetings are ¹:

- *May 6-7*: current meeting

- *June 17-18*: upcoming meeting

Goals of the Meetings

The Federal Open Market Committee aims to:

- *Set interest rates*: control interest rates to influence the economy.

- *Control the money supply*: adjust the money supply to promote economic stability.

Monetary Policy Tools

The Federal Open Market Committee uses three main tools ²:

- *Open market operations*: buying and selling government securities.

- *Discount rate*: setting the interest rate on loans to banks.

- *Reserve requirements*: determining the reserve ratio that banks must hold.

Impact of Decisions

The decisions of the Federal Open Market Committee affect:

- *Money markets*: impact stock and bond prices.

- *The economy*: influence economic growth rates and inflation ³ ⁴.