🔥The size of the Federal Reserve’s balance sheet has dropped to around US$7.5 trillion, with a total balance sheet reduction of US$1.2 trillion in the past year.
100X Community: The balance sheet has been reduced a lot, and interest rates should be cut.
On March 11, according to data from the Federal Reserve’s official website, as of March 5, the size of the Fed’s balance sheet had dropped to US$7.538 trillion, and the cumulative balance sheet reduction over the past year was US$1.2 trillion. On March 10 last year, the U.S. financial regulator announced the closure of Silicon Valley Bank, and a crisis broke out in the U.S. banking industry. The Federal Reserve's balance sheet expanded for three consecutive weeks to rescue the market, and on March 21, 2023, it hit the highest balance sheet scale in the past year. $8.733 trillion.
