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 selections have a big impression 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 all over the world.
