According to Odaily, the Federal Reserve has accepted a total of $92.863 billion from 26 counterparties in its fixed-rate reverse repurchase operations, marking the lowest level since April 2021. Reverse repurchase agreements involve the Federal Reserve selling securities to financial institutions, such as commercial banks and money market funds, to withdraw funds from the market, with an agreement to repurchase the securities at a predetermined price on a future date. This operation is typically used to control the money supply and market interest rates to achieve specific macroeconomic objectives. During periods of economic overheating or rising inflationary pressures, the Federal Reserve may use reverse repo operations to reduce market liquidity and effectively control short-term interest rates.