Dow Jones(USA 30)
S&P500(USA500)
Nasdaq 100 (US-Tech 100)
The twelve-member body of the United States Federal Reserve tasked with setting monetary policy is known as the Federal Open Market Committee, or simply “FOMC.” Following the rise in June, the FOMC decided to raise interest rates by 75 basis points, or 0.75 percent, as it wrapped up its most recent summit yesterday. Some may be asking what impact the U.S. central bank’s continued hikes in interest rates to combat inflation may have on the overall economy. Let’s examine how the FOMC develops policy choices and how the markets respond to them:
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