US Fed Meeting: US Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation, is a big financial event, not just for the America but for the entire world as well because its impact is clearly seen on various financial markets. 

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Money markets are placing bets that the Fed will raise rates by 75 basis points (bps), with an outside chance of a larger 100 bps hike. 

Here is all you need to know - Date, US time, Indian time, FOMC schedule, outcome - Check all details here

US TIME: 2:30 p.m ET 27th July - Press Conference 

Indian TIME: 12 AM IST - 28th July - Press Conference 

FOMC Meeting Schedule: Two-day meeting, July 26-27

Outcome will be LIVE on https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm 

"Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://federalreserve.gov," https://twitter.com/federalreserve tweeted.

https://www.youtube.com/federalreserve

FOMC 

-The Federal Open Market Committee (FOMC) consists of twelve members.

-The seven members of the Board of Governors of the Federal Reserve System

-The president of the Federal Reserve Bank of New York

- and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.

-The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. 

-The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision. 

-Committee membership changes at the first regularly scheduled meeting of the year.