The Federal Open Market Committee (FOMC) is chargeable for setting rates of interest in america. The FOMC meets eight instances a yr to debate financial situations and to set rates of interest. The subsequent FOMC assembly is scheduled for March 21-22, 2023.
The FOMC’s choices have a big impression 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 buyers world wide.
