When does the fed change interest rates?

The Federal Reserve (Fed) changes interest rates at the Federal Open Market Committee (FOMC) meetings, which occur about eight times per year. The FOMC sets a target range for the federal funds rate, which is the rate at which banks lend money to each other overnight. The Fed adjusts the federal funds rate to influence the overall level of interest rates and the economy. The next FOMC meeting schedule can be found on the Federal Reserve website.

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