#FOMCMeeting The **Federal Open Market Committee (FOMC)** is the branch of the U.S. Federal Reserve that determines monetary policy, including interest rate decisions and other measures to influence economic growth, employment, and inflation.
**Upcoming FOMC Meeting (2024)**
The FOMC meets **eight times a year**. The remaining meetings for **2024** are:
- **June 11–12, 2024** (Decision announced)
- **Outcome:** The Fed kept interest rates unchanged at **5.25%-5.50%**, signaling potential rate cuts later in the year but emphasizing the need for more confidence in inflation moving toward 2%.
- **July 30–31, 2024**
- **September 17–18, 2024**
- **November 6–7, 2024** (election week)
- **December 17–18, 2024**
**Key Factors Influencing the Next Decision (July 2024)**
1. **Inflation (CPI & PCE):**
- The Fed targets **2% inflation** (Core PCE). Recent data shows cooling inflation but still above target.
2. **Labor Market:**
- Job growth and wage trends impact rate decisions.
3. **Economic Growth (GDP):**
- Strong growth could delay rate cuts; weak growth may hasten them.
4. **Global Risks:**
- Geopolitical tensions, oil prices, and global economic conditions.
**Market Expectations (as of June 2024)**
- **Rate Cuts:** Markets expect **1-2 rate cuts in 2024**, likely starting in **September or December**.
- **Fed Dot Plot (June 2024):**
- Median projection suggests **1 cut in 2024** (down from 3 cuts in March).
**How to Follow Updates**
- **Fed Announcements:** Watch for the **policy statement**, **Fed Chair press conference**, and **economic projections**.
- **Key Reports:**
- Nonfarm Payrolls (jobs report)
- CPI & PCE Inflation
- GDP Growth
Would you like analysis on past meetings or deeper insights into the Fed's current stance?
