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FOMC (Federal Open Market Committee)

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Description

Determines U.S. monetary policy, including setting the federal funds rate.

The Federal Open Market Committee (FOMC) is the body within the Federal Reserve responsible for setting U.S. monetary policy, including adjusting the federal funds rate. Its decisions influence interest rates, inflation, and economic growth, making FOMC meetings pivotal events for investors and traders worldwide. The outcomes of these meetings can lead to significant market movements, especially in forex and bond markets.

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