What is FOMC?
Money & central banksThe Federal Open Market Committee: the Fed group that sets US interest rates. It meets eight times a year and announces at 2:00 p.m. New York time.
Think of it like: The Fed's rate-setting jury.
Real example: The FOMC cut rates by half a point on 18 September 2024, its first cut since 2020.
Lesson: FOMC day Practise it now: Data Drop Practise it now: Basket Case