#FOMCMeeting FOMC stands for the Federal Open Market Committee, which is the committee responsible for determining monetary policy in the United States. FOMC meetings are held eight times a year to discuss and set interest rates and monetary policies that affect the American and global economy.
*Main goals of the FOMC:*
- *Setting interest rates*: The committee's decisions affect short-term interest rates, which in turn impact the economy and financial markets.
- *Adjusting monetary policy*: The committee uses various tools to adjust liquidity in the economy, such as buying or selling government bonds.
- *Maintaining economic stability*: The committee aims to achieve economic stability by controlling inflation and stimulating economic growth.
*Impact of FOMC decisions:*
- *Financial markets*: The committee's decisions affect financial markets, including the stock market and foreign exchange market.
- *The American economy*: The committee's decisions impact the American economy, including unemployment rates, inflation, and economic growth.
- *The global economy*: The committee's decisions affect the global economy, as the United States represents a large and influential economy in the world ¹.