Source: https://mochatrade.com/learn/glossary/fomc

# FOMC
URL: https://mochatrade.com/learn/glossary/fomc
Last modified: 2026-10-17

The FOMC is the Federal Open Market Committee, the twelve voters inside the Fed who set the policy rate at eight scheduled meetings a year. The statement lands at 11:30 PM IST, 12:30 AM in winter, the chair speaks half an hour later, and [the decision is read](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets) against [the odds already priced in FedWatch](https://mochatrade.com/learn/start-here/how-to-read-us-market-news). Only five of the twelve regional presidents vote in a year, which is why [a speech from a voter outweighs one from a non-voter](https://mochatrade.com/blog/mocha-markets-weekly-019).

## Related terms

- CME FedWatch: https://mochatrade.com/learn/glossary/cme-fedwatch
- FOMC minutes: https://mochatrade.com/learn/glossary/fomc-minutes
- Dot plot: https://mochatrade.com/learn/glossary/dot-plot
- 2-year Treasury yield: https://mochatrade.com/learn/glossary/2-year-treasury-yield
- Forward guidance (Fed): https://mochatrade.com/learn/glossary/forward-guidance
- Market correction: https://mochatrade.com/learn/glossary/market-correction