#FOMCMeeting
#FOMCMeeting = Federal Open Market Committee Meeting
🏛️ A body affiliated with the U.S. central bank (Federal Reserve)
🎯 Its mission: to set interest rates and control inflation and economic growth.
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What happens in the meeting?
Senior officials of the Fed meet (about 8 times a year)
They discuss the state of the economy: inflation, unemployment, growth
They decide:
🔼 Raise interest rates
🔽 Lower interest rates
⏸️ Or keep them steady
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Why does the whole world care?
💰 Because it affects:
Dollar prices 💵
Stock and bond markets 📈
Gold and oil 🪙🛢️
Decisions of other central banks around the world 🌍
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Why do people follow it anxiously?
Because one word from Fed Chair Jerome Powell can shake the markets!
😱 Example:
He said "inflation is persistent" ⏩ markets drop
He said "inflation is under control" ⏩ markets soar 🚀
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📢 In summary:
#FOMCMeeting is the decisive hour in the global economy.
Investors await it as if they are watching the World Cup final... but for money! 🏆💸