#FOMCMeeting Federal Open Market Committee, which translates as the Federal Open Market Committee. This is a committee of the Federal Reserve System of the United States that is responsible for determining monetary policy, particularly for setting the key interest rate and the volume of open market operations.
FOMC meetings are regular gatherings of the Federal Open Market Committee (FOMC), a subdivision of the Federal Reserve System that makes decisions regarding the monetary policy of the United States. At these FOMC meetings, the committee reviews economic and financial conditions, assesses risks to its long-term goals of price stability and sustainable economic growth, and determines the appropriate monetary policy.
The FOMC holds eight regular meetings throughout the year, as well as additional meetings as needed.
FOMC meetings are significant for finance and cryptocurrency because they affect the availability and cost of money and credit in the economy, which in turn influences interest rates, foreign exchange rates, asset prices, and inflation expectations of investors and consumers.