#FOMCMeeting The FOMC (Federal Open Market Committee) is a committee of the Federal Reserve System, the central bank of the United States, responsible for setting the country's monetary policy. It holds eight regular meetings a year to discuss and decide on interest rates and other economic issues.
*What is discussed in FOMC meetings?*
- Decisions on interest rates: the FOMC sets the federal funds rate, which influences short-term interest rates across the market.
- Monetary policy: the committee discusses and decides on monetary policy, including the buying and selling of government securities to control the money supply in the economy.
- Economic analysis: FOMC members analyze the current economic situation and make forecasts about the future to make informed decisions.
*Next FOMC meeting*
The next meeting is scheduled for July, but since today is June 17, the current FOMC meeting is taking place today and tomorrow, June 18.
*Importance of the FOMC*
FOMC decisions have a significant impact on the U.S. economy and can affect global financial markets. Investors and analysts closely monitor FOMC meetings to understand economic outlooks and make informed investment decisions.
