Fed Meeting Recap

The Federal Reserve maintains its current economic view with solid growth, strong job gains, and elevated but moderated inflation. However, recent months have shown a lack of progress in meeting the 2% inflation goal. The committee indicates a shift towards a more balanced risk outlook, possibly signaling no imminent rate cuts but awaits further confidence before reducing rates. The long-awaited balance sheet taper begins with a reduced treasury roll-off from $60 billion to $25 billion per month.