Federal Reserve Maintains Balance Sheet Reduction Plan

According to BlockBeats, on November 8, the Federal Reserve's Federal Open Market Committee (FOMC) announced that it will maintain its current balance sheet reduction plan. This involves a monthly reduction of $25 billion in U.S. Treasury securities and $35 billion in mortgage-backed securities (MBS). The FOMC statement highlighted that the labor market conditions have generally eased. The committee members reached a unanimous decision regarding the interest rate policy during this meeting. This decision follows the previous meeting held on November 1.