What does the FOMC mean?

The FOMC meets eight times a year to assess the state of the economy and determine whether changes in the federal funds rate are needed. This rate is critical because it directly impacts borrowing costs for consumers and businesses, and…

Which Way Are Interest Rates Heading?

Which Way Are Interest Rates Heading? Interest rates play a pivotal role in the global economy, influencing everything from consumer spending to business investment and even the overall growth of a nation’s economy. As we head further into 2025, many…