The Federal Open Market Committee (FOMC) is liable for setting rates of interest in the USA. The FOMC meets eight instances a yr 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 major impression 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 buyers all over the world.
