Glossary
FOMC (Federal Open Market Committee)
The Federal Reserve committee that sets the target range for the US federal funds rate, meeting eight times a year on a published schedule.
The FOMC has twelve voting members: the seven governors of the Federal Reserve Board, the president of the New York Fed and four of the other eleven regional Fed presidents, who rotate. It holds eight scheduled meetings a year.
Each meeting ends with a policy statement, followed by a press conference from the Fed chair. At four of the meetings the committee also publishes its Summary of Economic Projections, which includes members’ rate expectations. Minutes follow about three weeks later.
Rate decisions affect borrowing costs across the economy, so both stocks and crypto often become more volatile around the announcement.
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For education only, not financial advice. Crypto assets and stocks are volatile, and leveraged positions can lose more than the money you put in.