The Federal Open Market Committee (FOMC) is accountable 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 subsequent FOMC assembly is scheduled for March 21-22, 2023.
The FOMC’s selections have a big affect on the U.S. economic system. Rates of interest have an effect on the price of borrowing cash, which in flip impacts financial progress and inflation. The FOMC’s selections are additionally intently watched by traders world wide.
