What Is FOMC?

Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). It’s mandate is to oversee the nation’s open market operations (i.e. the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply. Interest rates are very important in currency evaluation. Read more about Central Banks and Interest Rates HERE.

On the 1st of February, FOMC will hold their first Monetary Policy meeting of 2023 where they are expected to hike their Interest Rates by 25 basis points, taking them to 4.75% from 4.50%. Planning is key, save these dates to make your trading year more organized. I have published 2 episodes on my podcast about beginning with the end in mind, you can LISTEN here and why I do not ignore fundamentals in my trading, LISTEN here. Since we are on planning, you can also check out this blogpost on how to prepare for your trading year. Read HERE.

Below are the FOMC 2023 dates. Kindly share this post with anyone who may need this information. You can also subscribe to this blog for notifications on new blog posts. If you have an android device, you can also download the App on Google Playstore.  For private lessons on how to trade FOMC, WhatsApp +27 78 144 6851. Thank you for stopping by.