-
Fed Balance Sheet QT: -$37 Billion in November, -$2.43 Trillion from Peak, to $6.54 Trillion
QT ended on December 1, as per the Fed’s announcement at its FOMC meeting. But in November, QT continued, and the Fed’s total balance sheet declined by $37 billion in November, to $6.53 trillion, according to the Fed’s weekly balance sheet today. Over the three years and five months of QT, the Fed shed $2.43 trillion in assets, or 27% of its total assets, and over 50% of the $4.81 trillion it had piled on during mega-QE from March 2020 through April 2022. chart Mortgage-Backed Securities (MBS): -$16 billion in November, -$687 billion (-25%) from the peak, to $2.05 trillion, where they’d first been in ... (full story)