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The FOMC meeting and dot plot of the Federal Reserve are regarded as the 'barometer' of the global financial market—one interest rate cut decision can shake the stock market and cause currency fluctuations; a single dot plot can alter the flow of trillions of dollars. However, there's no need to memorize everything; once you grasp the core logic, ordinary people can accurately interpret policy signals, making it easier to understand financial news.
1. First, understand: What exactly is the FOMC meeting?
FOMC is the abbreviation for the Federal Open Market Committee, which is the 'monetary policy maker' of the Federal Reserve, specifically responsible for formulating interest rate policies and maintaining the 'dual mandate' of the U.S. economy: maximum employment and price stability (2% inflation target).