The central bank’s recent statement emphasized the sustained strength in the labor market, and economic activity continued its vigorous growth in the third quarter. Concurrently, the yields on key Treasury notes, such as the 2-year and 10-year, witnessed a significant fall, further emphasizing the market’s reaction to the Fed’s decisions and commentary. While underscoring the central bank’s commitment to achieving the 2% inflation target, Powell highlighted the clear tightening of financial conditions and a plethora of associated risks.