#FOMCMeeting The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy in the United States. The FOMC holds eight regularly scheduled meetings per year in Washington, D.C. These meetings involve a review of economic and financial conditions, discussions about the appropriate stance of monetary policy, and an assessment of risks to the Federal Reserve's long-run goals of price stability and sustainable economic growth.

Key aspects of the FOMC:

* Purpose: The primary goal of the FOMC is to promote maximum employment and price stability in the U.S. economy. It achieves this by influencing monetary and credit conditions.

* Meetings: The FOMC convenes approximately every six to eight weeks. These meetings typically span two days.

* Decision Making: The committee makes key decisions regarding interest rates, specifically the federal funds rate, which is the target rate for overnight lending between banks. They also decide on open market operations, which involve the buying and selling of U.S. government securities.

* Impact: FOMC decisions have a significant impact on financial markets, influencing borrowing costs for businesses and consumers, mortgage rates, and overall economic activity.

* Transparency: Following each meeting, the FOMC releases a statement summarizing its decision and the economic rationale behind it. Minutes of the meeting are released approximately three weeks later, providing more detailed insights into the committee's discussions. Certain meetings are also followed by a press conference by the Federal Reserve Chair.

* 2025 Meeting Schedule: The remaining scheduled FOMC meetings for 2025 are:

* May 6-7

* June 17-18*

* July 29-30

* September 16-17*

* October 28-29

* December 9-10*

* Meetings marked with an asterisk are associated with a Summary of Economic Projections.

Today, May 6, 2025, the FOMC is holding a scheduled meeting. The policy decisions from this meeting will be announced at 2:00 PM Eastern Time on Wednesday, May 7, 2025 (11:30 PM IST). A press conference by Federal Reserve Chair Jerome Powell will follow the announcement and will be live-streamed on the Federal Reserve's official YouTube channel and other platforms. The minutes from this May 6-7 meeting will be released on Wednesday, May 28, 2025, at 18:00 UTC.

Market expectations currently anticipate potential interest rate cuts later in 2025, with the next cut potentially occurring in June or July, though this is subject to evolving economic data and the FOMC's assessment.