The size of the Fed's balance sheet has dropped to around US$7.5 trillion, with a total balance sheet reduction of US$1.2 trillion over the past year.
According to data from the Federal Reserve's official website on March 11th, as of March 5th, the size of the Federal Reserve's balance sheet had decreased to $7.538 trillion, with a total reduction of $1.2 trillion in the past year.
On March 10th of last year, the US financial regulatory agency announced the closure of Silicon Valley Bank, triggering a crisis in the US banking industry. The Federal Reserve's balance sheet expanded for three consecutive weeks to rescue the market, and on March 21st, 2023, it reached a high point of $8.733 trillion in the past year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— Enjoy up to 10% APR and trade to unlock an additional pool of 50,000 USDT
Bitget Spot Margin Announcement on Suspension of SANTOS/USDT, MYRO/USDT, DUSK/USDT, PHB/USDT, ALPINE/USDT Margin Trading Services
CandyBomb x RAVE: Trade futures to share 200,000 RAVE!
Bitget TradFi: Trade gold, forex, and more assets in one account
