This is the meeting where the makers of monetary policy at the U.S. 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 decisions made here can move global markets!
Raising interest rates? The dollar goes up, and stocks may drop.
Lowering interest rates? The opposite happens.
How often 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!
What is its goal?
To achieve a delicate balance between:
Supporting economic growth
and controlling inflation.
In summary:
The meeting acts as the control room for the American economy… and all markets await its decisions.