The System Open Market Account’s weighted average years to maturity is 14.56 years—which is heavily weighted to long-term securities. … READ MORE >
Federal Reserve balance sheet
Market Minute: When the Fed’s reserves go from abundant to ample
Those who wish to return to the way things were before the financial crisis, before the Fed expanded its balance sheet, are living in a fantasy world. … READ MORE >
Fed holds rates steady as rebound in inflation hampers progress
Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
FOMC preview: Shaping expectations for a major policy shift
Expect the FOMC to lay the groundwork for a major policy shift that includes a rate hike in March, another in June, and a balance sheet runoff likely to start in June or July. … READ MORE >
How the Fed plans to use its balance sheet to craft a soft landing
The reduction of the Fed’s balance sheet is little understood, but it may end up challenging the conventional wisdom that the Fed will raise its policy rate four times this year. … READ MORE >