One of the Fed's QT measures, the reduction of the balance sheet, is one of the best events in the second half of 2022 along with the midterm elections. QT is expected to accelerate to $95 billion per month, and the Fed's QT size will double from September, so from September, it will fall below the monthly limit of QT and we see the T-bill repaid for the first time. Since the beginning of the 2020 rise was caused by 1) lowering the basemoney interest rate to zero interest rate (0.00-0.25%) after the COVID-19 pandemic, and 2) increasing the assets held by the purchase of government bonds and MBS to about $9 trillion (about 1.000 trillion won), providing huge liquidity to the market, f ed implements quantitative austerity (QT) to curb inflation triggered by rising markets! It has already started QT worth $47.5 billion (approximately $64.65 trillion) every month, including $30 billion in government bonds and $17.5 billion in MBS, but t he fed's announcement that it will double...