#FOMCMeeting refers to a scheduled gathering of the Federal Open Market Committee (FOMC), the branch of the U.S. Federal Reserve responsible for monetary policy decisions, particularly regarding interest rates and the money supply.
Key Details About FOMC Meetings:
Frequency: Usually 8 times a year.
Purpose: To assess the U.S. economic outlook and decide on key policy measures such as:
Federal Funds Rate (interest rate) changes
Quantitative easing or tightening
Inflation and employment goals
Impact: High. It can significantly influence:
U.S. stock markets
Bond yields
The U.S. dollar (USD)
Global markets and cryptocurrencies