#FOMCMeeting The FOMC stands for the Federal Open Market Committee. It is a group in the U.S. that makes big money decisions. They meet to talk about interest rates and how much money should be in the system.

When the FOMC meets, they look at the economy. They study jobs, prices, and spending. If things are going too fast, they may raise rates. If things are slow, they may lower them.

Higher rates can slow down spending. Lower rates can help people and businesses borrow more easily. The FOMC wants to keep the economy safe and steady. #FOMCMeeting