Reported about 4 hours ago
The Federal Reserve announced it will reduce its balance sheet at a slower rate starting next month, lowering the maturity cap on Treasuries from $25 billion to $5 billion, while keeping the cap on mortgage-backed securities at $35 billion. This decision comes amid ongoing discussions among lawmakers to reach a deal on the debt ceiling. Fed Chair Jerome Powell noted signs of tightening in money markets and emphasized that the adjustments won't significantly impact the balance sheet in the medium term.
Source: YAHOO