The meeting where the makers of monetary policy at the U.S. central bank (the 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 issued from it can move global markets!
Raise interest rates? The dollar rises, and stocks may fall.
Lower interest rates? The opposite happens.
How many times 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 a championship final!
And 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 U.S. economy… and all markets await its decisions.