The news related to FOMC decisions on interest rates or CPI figures can have a broad impact on the economy for several reasons:

Monetary Policy: FOMC decisions on interest rates influence borrowing costs for businesses and consumers. Lower interest rates can stimulate borrowing, investment, and spending, leading to increased economic activity. Conversely, higher interest rates can slow down borrowing and spending, potentially dampening economic growth.

Investment and Financial Markets: FOMC decisions can impact financial markets, including stocks, bonds, and currencies. Investors closely watch FOMC news to gauge the direction of monetary policy, which can influence investment decisions and market sentiment.