What is the FOMC?
The FOMC is the committee within the Federal Reserve responsible for making key decisions about the monetary policy of the United States. These decisions include setting the benchmark interest rate (federal funds rate) and managing the money supply.
Why are FOMC meetings important?
FOMC decisions have a significant impact on the economy of the United States and on global financial markets. Decisions about interest rates can influence economic growth, inflation, and employment.
When are the FOMC meetings?
The FOMC meets eight times a year on a regular basis. The dates of these meetings are published in advance and can be found on the economic calendar.
What happens in an FOMC meeting?
During the meetings, FOMC members review the economic and financial situation, assess risks, and determine the appropriate direction of monetary policy. They then vote on potential measures to take, such as adjustments to interest rates or changes in asset purchase policy.