The Fed’s Balance Sheet Reduction (QT) Update
“3% Core CPI is here to stay” we wrote last week which proved to be correct this week when CPI was released on Wednesday. In addition, PPI data released today showed that producer price increases are persistent. Meanwhile, the Fed is easing monetary policy. Powell and the Fed have consistently been wrong on policy at the expense of Americans and the U.S. Dollar.
Treasuries: The Fed decreased its Treasury holdings for the week-ended November 13th by $75.0 million. The Fed’s Treasury holdings declined by $18.0 billion on a rolling 4-week basis.
Agencies: The Fed’s Government Agency security holdings were unchanged for the second consecutive week 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
