#FOMCMeeting The FOMC (Federal Open Market Committee) meeting is a key event for the U.S. economy and global financial markets. Here's what you need to know:

What is the FOMC Meeting About?

The Federal Open Market Committee is the monetary policy-making body of the Federal Reserve System. During their meetings, the Committee:

* Reviews economic and financial conditions: They analyze various economic indicators like inflation, employment, and growth.

* Determines the appropriate stance of monetary policy: This primarily involves setting the target range for the federal funds rate, which influences other interest rates throughout the economy (like those on loans, mortgages, and credit cards).