The FOMC meeting refers to the Federal Open Market Committee meeting, which is one of the most important events in global finance and economics.
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🔍 What is the FOMC?
The FOMC is the policy-making arm of the U.S. Federal Reserve (the central bank of the United States). It is responsible for setting key interest rates and managing the supply of money in the U.S. economy, which directly impacts:
• Inflation
• Employment
• Economic growth
• The strength of the U.S. dollar
• Global financial markets (including crypto)
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📅 What Happens During an FOMC Meeting?
The committee meets 8 times per year (approximately every 6 weeks). Each meeting includes:
1. Review of the U.S. and global economic situation
2. Decision on the federal funds interest rate
• Raise, lower, or keep it the same
3. Release of a policy statement
• Outlines the reasoning and economic outlook
4. Press conference (usually by the Fed Chair, currently Jerome Powell)
• Offers deeper insight into their thinking
