The FOMC holds eight regular meetings a year. In these meetings, the Committee reviews the economic and financial situation, determines the appropriate direction of monetary policy, and assesses the risks to its long-term objectives of price stability and sustainable economic growth.
Although the start time of these meetings is not publicly disclosed, the FOMC typically releases its monetary policy statement at 18:00 UTC (14:00 ET) on the second day of the meeting. Following the statement, a press conference is usually held, presided over by the Chair of the Federal Reserve at 18:30 UTC (14:30 ET).
When considered as an investment product such as stocks or bonds, Bitcoin can be significantly affected by FOMC announcements and macroeconomic announcements. Numerous studies confirm that the financial market is impacted by these announcements.
For traders, FOMC meetings are a time of particular volatility because any change in federal funds rates can affect a range of economic variables, such as short-term interest rates, exchange rates, long-term interest rates, employment, production, and prices of goods and services.
#FOMC #FOMC_Decision #FOMC_Meeting_Results #FOMCForecast #FOMCMeeting $USD1