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n. Illinois | This was in the WSJ today.
Last night the Fed published its H.4.1 release. This is the report that provides a weekly snapshot of the Fed’s balance sheet for the week ending Wednesday. So, we have what the Fed balance sheet looks like as of March 15th and boy was it a doozy. The Fed effectively just did $318 billion of quantitative easing (QE). Yes, you read it correctly. The Fed effectively added $318 billion in reserves to the financial system. It is no wonder that risk assets responded as they did. Once again, the system is awash in liquidity
So the Fed is printing money once again. they intend to inflate their way out of this.
So there will be no lowering of rates. | |
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