The FOMC meets eight times a year to evaluate economic indicators and shape monetary policy.

The Federal Open Market Committee (FOMC) recently decided to lower the federal funds rate by a total of 100 basis points in late 2024, but has held rates steady in 2025. These decisions affect interest rates on savings, credit cards, and mortgages, impacting consumers and the economy at large.

The FOMC meets eight times a year to evaluate economic indicators like the CPI, GDP, and unemployment rate to shape monetary policy. Meeting minutes are released three weeks after decisions, and live press conferences with Chairman Jerome Powell provide further insight into the Fed’s decisions.

While experts anticipate further rate cuts in 2025, the exact number and size remain uncertain. The FOMC’s commitment to supporting maximum employment and inflation goals guides its decisions on the federal funds rate, impacting financial markets and everyday consumers.

Read more at Yahoo Finance: When is the Fed’s next meeting?