#FOMCMeeting

The Federal Open Market Committee (FOMC) is a crucial part of the Federal Reserve System that determines the direction of monetary policy in the United States. Here's what you need to know about the FOMC meeting:

*What is FOMC?

The FOMC is a committee that sets monetary policy, including setting interest rates and buying or selling government securities on the open market. This committee plays a vital role in promoting maximum employment and price stability.

*Recent FOMC Meeting Highlights*

In the May FOMC meeting:

- The Committee decided to keep the federal funds rate unchanged at 4.25%-4.50% for the third straight meeting.

- The FOMC stated that uncertainty about the economic outlook has increased further, and the risks of higher unemployment and inflation have also risen.

- The Federal Reserve will continue with the pace of decline of its securities holdings, $5 billion of U.S. Treasury securities, and $35 billion of agency mortgage-backed securities each month

*FOMC Meeting Schedule*

The FOMC holds eight regularly scheduled meetings per year. For 2024, the meeting dates were

- January 30-31

- March 19-20

- April 30-May 1

- June 11-12

- July 30-31

- September 17-18

- November 6-7

- December 17-18

*Importance of FOMC Minutes*

The minutes of the FOMC meeting provide valuable insights into the Committee's discussion and decision-making process. These minutes can impact market expectations and Treasury bond yields, especially if the tone differs from the initial statement

*Where to Find More Information*

You can find more information on the FOMC meeting minutes, transcripts, and other documents on the Federal Reserve's official website or through the FRASER database