#FOMCMeeting

What does “FOMC” stand for? The Federal Open Market Committee, or FOMC, is the Fed's chief body for monetary policy.

The Federal Open Market Committee

For traders, FOMC meetings are a time of particular volatility because any change in federal fund rates can affect a range of economic variables such as short-term interest rates, foreign exchange rates, long-term interest rates, employment output and prices of goods and services.

Fed Keeps Rates Steady, Still Sees 2 Rate Cuts in 2025

The Fed kept the federal funds rate unchanged at 4.25%-4.5% during its March 2025 meeting, extending the pause in its rate-cut cycle that began in January, and in line with expectations.

What time is the Fed rate decision? ​The Federal Reserve's next interest rate decision is scheduled for May 7th, 2025, at 2:00 PM Eastern Time (ET), which corresponds to 6:00 PM Coordinated Universal Time (UTC).