#FOMCMeeting

**Explanation of the term "FOMC Meeting":**

**1. What is FOMC?**

FOMC stands for **"Federal Open Market Committee"**, which is the body responsible for monetary policy at the **U.S. Federal Reserve**. The committee consists of 12 members, including 7 members from the Board of Governors of the Federal Reserve and 5 presidents of the regional Federal Reserve Banks (such as New York, Chicago, etc.).

**2. Objective of the meeting:**

To determine the **monetary policy** of the United States, especially regarding:

- **Interest rates** (federal): Are they being raised, lowered, or maintained?

- **Market liquidity**: Through the buying or selling of government bonds (such as Quantitative Tightening/Easing).

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**3. Timing of meetings:**

Held **8 times a year** (approximately every 6 weeks), with emergency meetings possible in crisis situations.

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**4. Why does the world follow it?**

- FOMC decisions directly affect:

- **Financial markets** (stocks, bonds, currencies).

- **Global economy** (due to the dominance of the dollar).

- **Loan and mortgage rates** globally.

- The committee issues a **press release** after the meeting, followed by a press conference with the Fed Chair (currently Jerome Powell).