The Federal Open Market Committee (FOMC) is answerable for setting rates of interest in the US. The FOMC meets eight instances a yr 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 big influence 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 carefully watched by buyers around the globe.
