The Fed’s Balance Sheet Reduction (QT) Update

The Fed’s SOMA activity for the week-ended November 6th. The Fed modestly reduced its Treasury position as it reduced its Fed Funds rate on Thursday. 3% Core CPI is here to stay.

• Treasuries: The Fed decreased its Treasury holdings for the week-ended November 6th by $18.0 billion. The Fed’s Treasury holdings declined by $24.1 billion on a rolling 4-week basis.

• Agencies: The Fed’s Government Agency security holdings were unchanged for the week-ended November 6th and decreased by $16.1 billion on a rolling 4-week basis.

• The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings

Source: Federal Reserve data; TEK2day