Ever wonder why mortgage rates fluctuate or why saving for a big purchase sometimes feels harder than it should? You can thank, at least in part, a group of policymakers at the U.S. central bank known as the Federal Open Market Committee (or FOMC for short). This committee’s decisions affect everything from the cost of borrowing, the value of your savings, and even the stability of your job. Here’s a closer look at what the FOMC does, why, and how it impacts your finances. What is the Federal Open Mark ...