TechFlow news — In its FOMC statement, the Federal Reserve indicated that recent data suggest economic activity expanded at a "strong pace" in the third quarter. The U.S. banking system remains sound and resilient. Tighter financial and credit conditions for households and businesses may weigh on economic activity, employment, and inflation; the extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.
The Committee will continue to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities, and is strongly committed to returning inflation to its 2% objective. The Committee will be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the achievement of its goals. Such assessments will take into account a wide range of information, including labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
