The Federal Open Market Committee (FOMC) is accountable for setting rates of interest in america. The FOMC meets eight instances a 12 months to debate financial situations and to set rates of interest. The following FOMC assembly is scheduled for March 21-22, 2023.
The FOMC’s selections have a major affect on the U.S. economic system. Rates of interest have an effect on the price of borrowing cash, which in flip impacts financial development and inflation. The FOMC’s selections are additionally intently watched by traders world wide.
