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FOMC Meeting December 2023 Date and Time: Jerome Powell-led Panel To Announce Decision On US Interest Rates This Week
The upcoming Committee meeting is tentatively set for Tuesday–Wednesday, December 12 - 13, 2023. During the previous meeting in November 2023,the interest rates unchanged for the second consecutive time at 5.25% to 5.5%. The announcement of the FOMC's interest rate verdict is scheduled for December 13 at 2:00 p.m. ET or 11:30 p.m. IST, with Jerome Powell presiding as the chairperson.
FOMC Meeting December 2023 Date and Time (Image Source: TN Digital)
The upcoming Committee meeting is tentatively set for Tuesday–Wednesday, December 12 - 13, 2023. During the previous meeting in November 2023,the interest rates unchanged for the second consecutive time at 5.25% to 5.5%.
FOMC Outcome Announcement Date And Time
The announcement of the FOMC's interest rate verdict is scheduled for December 13 at 2:00 p.m. ET or 11:30 p.m. IST, with Jerome Powell presiding as the chairperson.
How to watch Jerome Powell's address live streaming
The meeting can be watched at https://www.youtube.com/@federalreserve
About FOMC meetings
The Federal Open Market Committee (FOMC) convenes eight times annually to deliberate on the United States' monetary policy strategy. These crucial meetings involve thorough assessments of the nation's economic and financial health. Additionally, the Committee sets the direction for monetary policy, aligning it with their long-term objectives of maintaining price stability and fostering sustainable economic growth
In its previous meeting held in November 2023, the FOMC said that 'Economic activity expanded at a strong pace in the third quarter,'
The Federal Reserve held interest rates steady but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the U.S. economy's surprising strength, but also nodded to the tighter financial conditions faced by businesses and households.
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