Institutional Ledger Briefing #1: FOMC Quantitative Tightening Taper & SOFR Repo Liquidity Stress Analysis (Q4 2026)
The Federal Open Market Committee (FOMC) slowed its monthly U.S. Treasury redemption cap to $15 billion while maintaining the target federal funds corridor at 4.25%–4.50%, stabilizing commercial bank reserve balances at $3.28 trillion and compressing quarter-end SOFR-EFFR basis spreads to +6 bps.
Author: Elena Vance, CFA • Reviewed by: Dr. Marcus Sterling, FRM
AI Provenance: claude-3-7-sonnet-fingrid-ymyl (rewrite.v1.4-factcheck-strict)