#FOMCMeeting

Federal Open Market Committee (FOMC Meeting): Its Importance and Impact on the Global Economy

The Federal Open Market Committee (FOMC) is one of the most important committees of the U.S. Federal Reserve (the U.S. central bank), meeting regularly to discuss the state of the U.S. economy and make critical decisions regarding monetary policy, primarily concerning interest rates.

What is the FOMC Meeting?

The FOMC meeting is held eight times a year, with an emergency meeting possible if needed. During these meetings, committee members review the latest economic data, such as inflation rates, unemployment, economic growth, and more, before issuing an official statement that outlines the upcoming monetary policy, including whether interest rates will be raised, lowered, or maintained.