Total assets held by the Fed dropped by $50 billion in the week, to $8.38 trillion, down by $118 billion for the month and by $348 billion in the 10 weeks since peak-bank-crisis. Quantitative Tightening (QT) continued on track, and as the remaining bank liquidity support measures continued to unwind, according to the Fed’s weekly balance sheet today. From the historic peak of the balance sheet in April 2022, total assets have dropped by $580 billion. This month, total assets will fall below where they’d been before the banking crisis, and will set a new low in this QT cycle. To see the details of the banking crisis, ... (full story)