The Federal Reserve's balance sheet falls below the $7 trillion mark

According to reports, the total scale of the Federal Reserve's balance sheet has fallen below 7 trillion dollars for the first time since August 2020, indicating that about 2 trillion dollars have been reduced in this round of balance sheet contraction. The Fed previously stated in its latest announcement that it will maintain the scale of contraction unchanged, reducing $25 billion in U.S. Treasury bonds and $35 billion in MBS each month.