The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by October 29, 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic—both of which resulted in negative annual GDP growth in the U.S.—showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by August 2025, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in August 2023, before the first rate cut since September 2021 occurred in September 2024. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2024, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

Preferred-Stock-and-Other-Adjustments Time Series for Qt Group Oyj. Qt Group Oyj offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America. The company offers Qt Design Studio, which turns design visions into production-ready UIs; Qt Creator, a cross-platform integrated development environment for software development; Qt Framework that contains C++ library classes and APIs to simplify application development; Qt AI Assistant that offloads developers from tasks to free time for coding; and Qt Accelerate, which provides industry-grade templates for software-defined products. It also provides quality assurance tools comprising Squish for automated GUI testing; Coco for code coverage analysis and tool qualification; Test Center, a test result management platform; Axivion Static Code Analysis, a static code analysis that checks software for style violations; and Axivion Architecture Verification, an automated architecture check that guarantees necessary conformance. In addition, the company offers professional and support services. It serves the automotive, aviation and aerospace, industrial vehicle, micro-mobility interface, consumer electronics, industrial automation, and medical device industries. Qt Group Oyj was founded in 1995 and is headquartered in Espoo, Finland.