First Time in 11 Years. Powell Shrinks the Fed Balance Sheet.
content.In the same week that the Fed reannounced its intention to buy Corporate Debt outright in an effort to juice the ‘market’, the Fed has posted its first weekly decline in balance sheet size in 11 years.
As the recently demonetized Zerohedge reports, This was not only the first shrinkage in the Fed’s balance sheet since the week ended February 26, but also the biggest drop since May of 2009. Read more…..
Chart Of The Day
This week Real Vision use Refinitiv’s best-in-class data to look at how the Fed flinched at the first decent wobble in the equity market. With price discovery distorted, what should investors be watching for clues about growth? In the Chatter, we look at how the Fed’s balance sheet is still a key determinant of equity performance. In the Whisper, we look at how Hertz will try and raise funds from the retail community.