🇸🇬 fomc

The Federal Open Market Committee (FOMC) is the monetary policy-making body of the US Federal Reserve System, responsible for setting key interest rates. It is currently trending as markets closely watched its recent meeting, which was potentially the last for Chairman Jerome Powell at the helm, amid reports of a divided Fed on future policy decisions. These meetings are crucial as the FOMC's interest rate decisions significantly influence global financial markets and economic outlooks.