#FOMCMeeting [07/05, 6:01 am] Business assistant: Want to add a futuristic cityscape background with Bitcoin symbols and neon lights to your article's picture?

[07/05, 6:07 am] Business assistant: The Federal Open Market Committee (FOMC) recently held a meeting on May 6-7, 2025. Here's what you need to know:

*Meeting Details*

- *Meeting Date:* May 6-7, 2025

- *Statement:* The FOMC statement is available in PDF and HTML formats on the Federal Reserve Board's website.

- *Minutes:* The meeting minutes will be released three weeks after the policy decision, as per standard practice.

*Key Takeaways*

- *Monetary Policy:* The FOMC discusses and sets monetary policy, including setting interest rates and implementing quantitative easing or tightening measures.

- *Economic Assessment:* The committee assesses the current state of the economy, including inflation, employment, and growth.

- *Future Projections:* The FOMC releases projections for the economy, including forecasts for inflation, unemployment, and GDP growth.

*Recent FOMC Meetings*

The FOMC holds eight regularly scheduled meetings per year. Recent meetings include ¹:

- *January 28-29, 2025*

- *March 18-19, 2025*

- *May 6-7, 2025*

- *June 17-18, 2025* (upcoming)

*Impact on Markets*

The FOMC's decisions can significantly impact financial markets, including:

- *Interest Rates:* Changes in interest rates can affect borrowing costs, consumer spending, and business investment.

- *Stock Market:* FOMC decisions can influence stock prices, particularly in sectors sensitive to interest rates.

- *Currency Markets:* Interest rate decisions can impact the value of the US dollar relative to other currencies.

For the latest information on FOMC meetings and decisions, visit the Federal Reserve Board's website ¹.