The Federal Open Market Committee (FOMC) meeting is a major economic event held by the U.S. Federal Reserve several times a year to discuss monetary policy and make decisions regarding interest rates. During these meetings, committee members evaluate the economic situation, including inflation, economic growth, and the labor market, to make decisions that affect the U.S. and global economy.
At the end of the meeting, the decisions made are announced, such as adjustments to interest rates or monetary easing policies, followed by a press conference led by the Federal Reserve Chair to explain the reasons for these decisions and their potential impacts. These meetings are closely followed by investors and economic experts, as their decisions directly affect financial markets and currency prices.