美联储：回购波动或促结束缩表，月减国债供应200亿

Core Insights - The research institution Wrightson ICAP indicates that signs of funding pressure in the repurchase market may lead the Federal Reserve to halt its balance sheet reduction in the upcoming interest rate decision [1][2] - Federal Reserve Chairman Jerome Powell hinted earlier this month that the central bank is waiting for the right moment to end the balance sheet reduction, with recent slight fluctuations in the repurchase market serving as a key signal [1][2] - The institution anticipates that the Federal Reserve will begin purchasing U.S. Treasury securities to offset maturing mortgage-backed securities, thereby maintaining a stable overall balance sheet size [1][2] - As the Federal Reserve shifts towards a neutral policy stance, the supply of short-term Treasury securities in the market may decrease by approximately $20 billion per month [1][2]