The Federal Reserve released a financial stability report, indicating risks related to asset valuation pressures.

The Federal Reserve, in its report released on Friday, pointed out the risks associated with stock and real estate valuations, stating that despite some market declines earlier this month, asset prices remain significantly high. "Even after the recent declines, stock prices are still relatively high compared to earnings forecasts, with analysts adjusting earnings forecasts slower than market prices. U.S. Treasury bond yields of various maturities are still at relatively high levels since 2008."