This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
The Federal Reserve continues to shrink its balance sheet at a speed that rivals that of a penguin.
Yes, The Fed of New York shrank the balance sheet by $4.8 billion over the past week.
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This past week, the T-Notes and Bonds barely shrank, most of the shrinkage occurred in Agency Mortgage-backed Securities.
This post was published at Wall Street Examiner on December 21, 2017.