What Is FOMC?
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). Its mandate is to oversee the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply.
On the 29th of January, FOMC held their first monetary policy meeting where they hinted that they are not in a rush to hike the rates. Planning is key, save the date for their next meeting. Below is the FOMC annual dates