# FOMC

*Macro & Economy — Finicade finance glossary*

The FOMC is the twelve-member committee that sets US monetary policy, meeting eight times a year. Markets trade the meeting itself far less than the accompanying statement, projections and press conference — the dot plot of members' rate forecasts routinely moves yields more than the decision. Minutes follow three weeks later and are themselves a market event.

**Also known as:** Federal Open Market Committee, Fed meeting, dot plot

**Related terms:** [Federal Reserve](https://finicade.com/glossary/federal-reserve), [Federal Funds Rate](https://finicade.com/glossary/federal-funds-rate), [Forward Guidance](https://finicade.com/glossary/forward-guidance), [Monetary Policy](https://finicade.com/glossary/monetary-policy), [Taylor Rule](https://finicade.com/glossary/taylor-rule)

Source: https://finicade.com/glossary/fomc