AI Data Insight
According to the latest data, at the end of October 2026 (Q4), the Federal Reserve's total liabilities reached $6.69 trillion, slightly down from $6.70 trillion in the previous week. Despite a slight single-week contraction, the overall scale has mildly recovered from a low of $6.5 trillion at the end of 2025, indicating that the central bank has shifted from aggressive quantitative tightening (QT) to normalized reserve management. The market is closely monitoring the potential impact of Treasury debt issuance and reserve ampleness on liquidity at year-end.