FOMC (Federal Open Market Committee)

The Federal Open Market Committee (FOMC) is a key part of the U.S. Federal Reserve, responsible for setting monetary policy. It meets regularly to discuss and make decisions on interest rates and the money supply, aiming to promote economic stability and growth. By adjusting rates, the FOMC influences borrowing, spending, and inflation. Its decisions impact everything from mortgage rates to job growth, playing a crucial role in the overall health of the U.S. economy. The FOMC's meetings and announcements are closely watched by markets and policymakers for their potential effects on the economy.