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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Fed Projects Balance Sheet Growing Again In 2026
The Federal Reserve is projecting to run off USD2.5 trillion from its balance sheet before stopping in mid-2025 then holding constant for about a year at USD5.9 trillion or 22% of U.S. GDP, according to a report Tuesday by the New York Fed.
"Once reserves reach the assumed long-run level, the portfolio resumes growth in mid-2026 to match the assumed growth in demand for Federal Reserve liabilities," the report said, with projections based on assumptions drawn from the FOMC and the March 2022 Surveys of Primary Dealers and Market Participants. "By 2030, the SOMA totals $7.2 trillion, or 22 percent of GDP." The balance sheet is currently USD8.946 trillion.
Source: New York Fed
Source: New York Fed
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.