U.S. Treasury Secretary Bessenter convened a closed-door meeting of the Financial Stability Oversight Committee at the Treasury Department on the 29th. During the meeting, the Committee heard an update from Treasury staff on the quarterly financial stability monitoring. The report outlined key developments in financial markets, the banking sector, the household sector, and financial and technological innovation in the third quarter of 2026, with a focus on stock and bond market trends and macroeconomic factors. Overall, the U.S. financial system remains resilient and capable of supporting economic growth, but the Committee will continue to monitor financial stability risks. The Committee then heard a report from Treasury staff on the Household Resilience Working Group. The report noted that, based on key indicators, the overall financial health of U.S. households remained sound, and discussed measures taken by Committee member agencies to address fraud. Finally, the Committee voted to approve the fiscal year 2027 budget and the minutes of the previous meeting on July 15, 2026.
