The Federal Open Market Committee (FOMC) is liable for setting rates of interest in the US. The FOMC meets eight occasions a 12 months to debate financial circumstances and to set rates of interest. The following FOMC assembly is scheduled for March 21-22, 2023.
The FOMC’s choices have a big influence on the U.S. financial system. Rates of interest have an effect on the price of borrowing cash, which in flip impacts financial progress and inflation. The FOMC’s choices are additionally intently watched by traders around the globe.
