The U.S. Federal Reserve’s balance sheet soared skyward to circa USD6.77 trillion, but its assets accumulated were at the lowest increase during the last two months as its unlimited relief backstop to deal with COVID-19 eased demands. The Fed’s bonds and other assets to increase by USD66.7 billion in the week ended Wednesday of May 6, 2020 or nudging up since the week ended Feb. 26 also portrayed the little increase. Although the Fed’s purchase of Treasuries showed the highest increase, it only totalled USD48.7 billion. (Reuters)
Reference:
https://www.reuters.com/article/usa-fed-assets/fed-balance-sheet-grows-at-slowest-pace-in-2-months-idUSN9N28J02K
