Federal Open Market Committee (FOMC)

The U.S. financial system’s ‘vulnerabilities’ were ’notable,' Fed policymakers said.

Financial markets begin paying closer attention to the Federal Reserve’s balance sheet.

FOMC meeting participants say progress on inflation has been uneven.

Federal Open Market Committee signaled rate cuts in 2024.

The Federal Reserve reaffirms commitment to monitoring incoming data before deciding next interest-rate policy decision.

Committee members noted that U.S. economic activity had been growing at a ’solid pace.’