#FOMCMeeting

The Federal Open Market Committee (FOMC) meeting is a regular gathering of the committee responsible for setting U.S. monetary policy, specifically the target for the federal funds rate, which is the benchmark interest rate for the U.S. economy. The FOMC is a branch of the Federal Reserve and typically meets eight times a year, though additional meetings can be called if needed. The decisions made at these meetings, especially regarding interest rates, have significant impacts on financial markets, influencing everything from currency exchange rates to bond prices and stock markets.