What is #FOMCMeeting# and why is everyone talking about it? 📊💬

Every few weeks, the economic world holds its breath in anticipation — the FOMC meeting (Federal Open Market Committee) 🇺🇸 is approaching. This is a major event in the financial markets, and here's why 👇
📌 What is the FOMC?
FOMC is the Federal Open Market Committee of the United States Federal Reserve (FRS). It determines the monetary policy of the United States, including the key interest rate 💰📉📈.
📅 What is happening at the meeting?
At each FOMC meeting:
Analyzing the current state of the economy 🧠📊
A decision is made on the interest rate ( to leave it, raise it, or lower it ) 💵⚖️
A statement is published with forecasts on inflation, employment, and economic growth 📃🔮
🤯 Why is this important?
📍 Stock Market: any hints of interest rate hikes = falling stocks 📉📍 Currency: the dollar strengthens with "hawkish" rhetoric 🦅📍 Inflation: the Fed is combating it by raising rates 💣📍 Mortgages and Loans: rates are rising — loans are becoming more expensive 🏠💸
🧠 Terms to know
Dovish (soft approach) 🕊 — tendency to lower rates
Hawkish ( tough approach ) 🦅 — a bet on fighting inflation by raising the rate
Dot Plot 📈 — a graph of the expectations of FOMC members regarding future rates
Powell speaks — the market listens 🎙 — Fed Chair Jerome Powell influences the market even with the tone of his speech!