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The Federal Open Market Committee (FOMC) meeting is a crucial event in the US financial calendar. Here's what you need to know:
*Key Aspects of the FOMC Meeting*
- *Purpose*: The FOMC decides on monetary policy, setting interest rates and buying or selling government securities to promote maximum employment and price stability.
- *Frequency*: The FOMC meets eight times a year to review economic conditions and set rates.
- *Decision-Making*: The committee consists of 12 members, including the seven members of the Federal Reserve Board and five regional Federal Reserve Bank presidents.
*Recent Developments*
The FOMC's latest meeting was on March 18-19, 2025, where they left the federal funds rate unchanged at 4.25%-4.50%. The next meeting is scheduled for May 6-7, 2025 .
*Impact on the Economy*
The FOMC's decisions have a significant impact on the economy, influencing interest rates, employment, and inflation. Their actions can also affect the value of the US dollar and the overall direction of the financial markets .#BitcoinReserveDeadline
