#FOMCMeeting The FOMC (Federal Open Market Committee) is the Federal Reserve's monetary policy-making body. It meets regularly to set monetary policy, which includes decisions on the federal funds rate, the target range for this rate is currently 4.25%-4.50%. The FOMC's decisions impact interest rates, inflation, and the overall economy. They typically discuss economic conditions, employment, and inflation, and their decisions are announced at the end of each meeting. The minutes of the meetings are released three weeks later, providing more detailed insights into the committee's discussions.