Recent data signals a turning point for the Federal Reserve's balance sheet. After quarters of operating losses, fresh numbers indicate the central bank may have finally stopped bleeding money.

This shift matters more than most realize. When central banks burn through reserves, they tighten monetary conditions indirectly. The reversal could mean liquidity pressures ease up—potentially good news for risk assets.

The Fed's remittances to the Treasury have been zero since late 2022. If they resume payments, it's a concrete sign their operational losses have ended. Markets always react to liquidity signals, and this one's worth tracking closely.

No guarantees this changes rate policy overnight. But healthier Fed finances usually correlate with more breathing room for speculative plays. Something to keep on your radar as macro conditions evolve.