Key takeaways
- The Federal Open Market Committee meets eight times per year to help manage the economy.
- At its most recent meeting, the FOMC raised rates by 0.5%.
- The prevailing opinion sees rates rising through 2023 with mild decreases in 2024 and 2025.
The Federal Open Market Committee (FOMC) is a group composed of the seven members of the Federal Reserve Board, the president of the New York Fed and the presidents of four other Federal Reserve Banks.
The FOMC is responsible for making decisions about interest rates and the U.S. money supply, making its meetings very important for investors to track.
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