REMINDER 🚨🚨🚨
The Federal Open Market Committee (FOMC) is a crucial part of the US Federal Reserve System, responsible for setting monetary policy, including interest rates and the purchase or sale of government securities .
The FOMC meets eight times a year to discuss and set monetary policy. These meetings are closely watched by financial markets, as the FOMC's decisions can significantly impact interest rates, inflation, and the overall economy .
Today, December 18, 2024, is a big day for the FOMC, as they will be announcing their latest interest rate and policy decisions. You can catch the live stream of the announcement on the Fed's website or their official YouTube channel at 2 pm ET (1 am IST) .
As for what to expect from the meeting, market expectations are that the FOMC will raise interest rates to combat inflation. However, the exact decision will depend on various economic factors, including inflation rates, employment numbers, and GDP growth.
What are your Expectations ???