The Federal Reserve begins to reduce the scale of its reserve management bond purchases.

Over the next month, this scale will be reduced to $25 billion, whereas it has remained at $40 billion per month since the Federal Reserve began readjusting its balance sheet four months ago. This move was widely anticipated by the market—in fact, some had even previously expected a larger reduction in RMP. This reflects that, since the implementation of the policy, reserve levels have now rebounded by approximately $20 billion.