Federal Reserve Starts Two-Day Policy Meeting

The Federal Open Market Committee, or FOMC, has officially begun its two-day policy meeting at the Eccles Building in Washington, D.C.

As the primary body responsible for U.S. monetary policy, the committee is tasked with fulfilling a dual mandate: ensuring maximum employment and maintaining price stability.

Throughout these two days, 12 voting members will analyze economic data, including inflation trends and employment figures, to decide on the federal funds rate.

Once the meeting concludes, the Fed will issue a formal statement, followed by a press conference led by the Fed Chair.

Analysts specifically look for clues about whether the Fed will lean towards a "hawkish" stance to curb inflation or a "dovish" approach to stimulate growth.