#FOMCMeeting
📌 What is FOMC?
FOMC stands for:
F – Federal
O – Open
M – Market
C – Committee
FOMC is a very important part of the U.S. Federal Reserve (America’s central bank).
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🧠 What does FOMC do?
FOMC decides whether to increase or decrease the interest rate based on the U.S. economy.
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📅 Why and when does the FOMC meet?
The FOMC holds meetings 8 times a year
In each meeting, it reviews the state of the U.S. economy
It then decides whether to raise or lower interest rates
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💥 How does it affect the market?
FOMC decisions directly impact:
The global financial markets
Cryptocurrencies like Bitcoin and Ethereum
Gold and the U.S. Dollar
