Here's a 110-word explanation of the FOMC meeting:
The Federal Open Market Committee (FOMC) meeting is a key event where U.S. monetary policy is discussed and decided. Held eight times a year, it brings together Federal Reserve Board members and regional Federal Reserve Bank presidents. The committee evaluates economic data such as inflation, employment, and GDP growth to determine whether to raise, lower, or maintain interest rates. These decisions significantly impact financial markets, borrowing costs, and consumer spending. After each meeting, the Fed issues a statement outlining its economic outlook and policy decisions. Investors, economists, and policymakers closely watch these meetings for signals on the future direction of U.S. monetary policy.
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