The Federal Open Market Committee (FOMC) is liable for setting rates of interest in the US. The FOMC meets eight instances a 12 months to debate financial circumstances and to set rates of interest. The subsequent FOMC assembly is scheduled for March 21-22, 2023.
The FOMC’s choices have a big affect 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 world wide.
