The Federal Open Market Committee (FOMC) holds several meetings throughout the year to assess economic and financial conditions and determine the appropriate course of monetary policy. During these meetings, the FOMC reviews a variety of economic and financial data, including GDP growth, inflation, employment, and financial market conditions.
At the end of each meeting, the FOMC announces any changes to its policy stance and releases a statement outlining the rationale for its decision. The statement includes a description of the current economic conditions, the Committee’s assessment of the risks to the economic outlook, and its policy decisions, including any changes to the target federal funds rate and any adjustments to its balance sheet policies.
The FOMC also releases a summary of economic projections, which provides a summary of individual committee members’ projections for key economic indicators, such as GDP growth, inflation, and unemployment. In addition, the Chair of the FOMC holds a press conference after every other meeting to provide further context and answer questions from reporters.
The Fed’s FOMC meetings are closely watched by financial markets and policymakers around the world, as changes to U.S. monetary policy can have significant implications for global economic and financial conditions.
Fed FOMC Meeting Dates 2023
|January 31 – February 1
|March 21 – 22
|April 25 – 26
|June 13 – 14
|July 25 – 26
|September 19 – 20
|November 7 – 8
|December 12 – 13
Note that these dates are subject to change, and the FOMC may also hold unscheduled meetings if necessary to respond to economic or financial developments.