- The U.S. Federal Reserve’s holdings of bonds and other assets shrank for a fourth straight week, sliding below $7 trillion, and use of one key emergency liquidity measure dropped to zero in the latest sign that financial stresses that erupted early in the coronavirus pandemic have eased.
The Fed’s total balance sheet size declined by about $88 billion to $6.97 trillion as of July 8 versus $7.06 trillion a week earlier, data released on Thursday by the central bank showed. “In a sense, it is the end of an era,” Jefferies economists Thomas Simons and Aneta Markowska wrote in a research note emailed Thursday afternoon.
Take-up of the Fed’s repo operations waned over the past few months as markets stabilized and the Fed provided more liquidity through massive purchases of Treasury securities and mortgage-backed securities.
What comes up ... You know the rest.
BabaCugs Oh boy
the Fed shrinking its balance sheet as Gold knocks down $1,800/oz resistance, and DXY in a 3-month decline. Could they be trying to come back to sanity? PeterSchiff LynAldenContact GeorgeGammon theRealKiyosaki
nobody cares
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