The Federal Open Market Committee (FOMC) is responsible for setting interest rates in the United States. The FOMC meets eight times a year to discuss economic conditions and to set interest rates. The next FOMC meeting is scheduled for March 21-22, 2023.
The FOMC’s decisions have a significant impact on the U.S. economy. Interest rates affect the cost of borrowing money, which in turn affects economic growth and inflation. The FOMC’s decisions are also closely watched by investors around the world.
