End of QT already shows on @federalreserve balance sheet.
Sharp drop in the Treasury General Account (-$103 billion). This occurs when the U.S. government spends down its cash balance at the Fed, injecting liquidity into the system. It directly boosted bank reserve balances by a similar amount (+$96 billion).
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End of QT already shows on @federalreserve balance sheet.
Sharp drop in the Treasury General Account (-$103 billion). This occurs when the U.S. government spends down its cash balance at the Fed, injecting liquidity into the system. It directly boosted bank reserve balances by a similar amount (+$96 billion).