The Federal Open Market Committee (FOMC) is chargeable for setting rates of interest in the USA. The FOMC meets eight occasions 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 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 development and inflation. The FOMC’s choices are additionally carefully watched by traders all over the world.
