Usa fomc news impact whole economic why ?

The FOMC (Federal Open Market Committee) and CPI (Consumer Price Index) are both important economic indicators in the United States, and their news can have a significant impact on the overall economy. Here's why:

FOMC: The FOMC is responsible for setting monetary policy in the United States, specifically determining the target federal funds rate, which influences interest rates throughout the economy. When the FOMC makes decisions on interest rates, it affects borrowing costs for businesses, consumers, and financial institutions. Changes in interest rates can impact investment decisions, borrowing behavior, and overall economic activity.