Federal Open Market Committee (FOMC) Meeting: What to Expect

Meeting Schedule

The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. Links to policy statements and minutes are in the resource section.

The next Federal Open Market Committee (FOMC) meeting will be held on June 11-12, 2024. This is one of the key dates that investors and economists watch closely, as the FOMC's decisions can have a significant impact on the financial markets and the economy as a whole.

Key Topics

At these meetings, the Committee reviews economic and financial conditions and discusses monetary policy options. The FOMC's primary goal is to maintain price stability and promote economic growth.

In conjunction with the upcoming FOMC meeting, participants submitted their projections of the most likely outcomes for real GDP growth, inflation, and unemployment. These projections will be released after the meeting.

What to Expect

The FOMC is widely expected to raise interest rates by 25 basis points at the June meeting. This would be the second rate hike of the year, following a 25 basis point hike in March.

The FOMC is also likely to provide more details on its plans for reducing its balance sheet. The Fed has been buying Treasury securities and mortgage-backed securities since 2008 to keep interest rates low and stimulate the economy. The Fed plans to begin reducing its balance sheet later this year.