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 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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Post-quantum startup PQShield used this pitch deck to raise $7 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
U.S. Fed buys $21.7 billion of mortgage bonds, sells $3.6 billionThe Federal Reserve bought $21.685 billion of agency mortgage-backed securities in the week
Read more »
Fed officials suggest U.S. recovery may be stallingFederal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic.
Read more »
Billionaire Chamath Palihapitiya blasts Fed, Treasury for company aid - Business Insider'It's largely gonna go to waste and it distorts the market': Billionaire investor Chamath Palihapitiya blasts the Fed and Treasury for spending billions to help companies instead of consumers
Read more »
This Chicken Recipe Lives at the Intersection of Fancy and AffordableBest of all: it feeds 4 people for about $7.
Read more »
Feds Reportedly Move To Prevent Epstein Confidante Ghislaine Maxwell From Attempting Suicide In PrisonFederal authorities are concerned that Ghislaine Maxwell may attempt suicide in prison following the death of Jeffrey Epstein and have taken precautionary measures
Read more »