#FOMCMeeting
The **FOMC meeting** refers to a regular gathering of the **Federal Open Market Committee**, which is a branch of the **U.S. Federal Reserve (the Fed) This committee is responsible for setting *monetary policy** in the United States, primarily by managing interest rates and controlling the money supply.
Here’s what typically happens at an FOMC meeting:
Review of economic conditions Inflation, employment, economic growth, etc.
Decision on interest rates: Whether to raise, lower, or keep them unchanged.
Policy statement release A summary of the committee's outlook and decisions.
Press conference (usually by the Fed Chair): To explain the decision and answer questions.
