Refers to the meeting of the The Federal Open Market Committee (FOMC) of the Federal Reserve System. The 12-member Committee defines credit and interest rate policies. Its members are 7 members of the Board of Governors, and 5 of the 12 Federal Reserve Bank Presidents.
Additional meaning of FOMC Meeting:
The FOMC holds eight scheduled meetings per year. At these meetings, it reviews economic and financial conditions, determines the monetary policy, and assesses the risks to its long-run goals of economic growth.