#FOMCMeeting The **Federal Open Market Committee (FOMC)** is the branch of the U.S. Federal Reserve responsible for setting monetary policy, particularly through decisions on interest rates and asset purchases. The FOMC holds **eight scheduled meetings per year**, where it evaluates economic conditions and decides whether to adjust the federal funds rate or change other monetary policies.

### **Next FOMC Meeting (2024)**

The last FOMC meeting in 2024 is:

- **December 10–11, 2024**

### **Key Points from Recent FOMC Meetings (2024)**

1. **Interest Rates:**

- The Fed has kept the **federal funds rate** at **5.25%-5.50%** (since July 2023) but has signaled potential rate cuts in 2024 depending on inflation trends.

- As of mid-2024, the Fed has held rates steady but is monitoring inflation (PCE & CPI) and labor market data.

2. **Quantitative Tightening (QT):**

- The Fed continues to reduce its balance sheet but at a slower pace to avoid market disruptions.

3. **Economic Projections (SEP):**

- The Fed’s **Summary of Economic Projections (SEP)** provides forecasts on GDP growth, unemployment, and inflation.

- The latest projections suggest **1-2 rate cuts in 2024** if inflation continues to ease toward the 2% target.

### **Market Expectations for Future Meetings**

- **December 2024 Meeting:** Markets are pricing in a **~50% chance of a rate cut**, depending on inflation and jobs data.

- **2025 Outlook:** More rate cuts are expected if the economy slows or inflation declines further.

### **Where to Get Updates**

- **Fed Statement & Press Conference:** Released after each FOMC meeting (Chair Jerome Powell holds a press conference).

- **Dot Plot:** Shows FOMC members' interest rate projections (updated quarterly).

- **Federal Reserve Website:** [www.federalreserve.gov](https://www.federalreserve.gov)

Would you like a deeper analysis of the latest Fed decision or market implications?