On May 14, the Federal Reserve announced on Wednesday that it will purchase approximately $10 billion in Treasury bills during this period. This move reflects a further slowdown of the program aimed at lowering short-term financing costs by supplementing reserves in the financial system. According to the New York Fed's official website, its Open Market Trading Desk plans to conduct the aforementioned Reserve Management Purchases (RMP) during the monthly period ending June 11, along with approximately $16.3 billion in reinvestment purchases during the same period. The Federal Reserve unexpectedly halted the reduction of its balance sheet, known as quantitative tightening, at the end of 2025, and instead began injecting liquidity back into the financial system by purchasing Treasury bills maturing within one year. (Dongxin News Agency)