#FOMCMeeting FOMC means Federal Open Market Committee. It is a very important part of the Federal Reserve (US Central Bank) of America. This committee decides the interest rates and monetary policy of America.
Why is the #FOMCMeeting important?
The FOMC meets every few weeks to decide:
Interest rates should be raised, lowered or kept the same
Inflation should be controlled
How much money should be circulated in the market