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MNI POLICY: Fed Balance Sheet Shrinks, 1st......>

FED
FED: MNI POLICY: Fed Balance Sheet Shrinks, 1st Time Since February
- The Fed's balance sheet shrank for the first time since late February as
foreign exchange swaps and repo agreements rolled off, in a week where Jerome
Powell moved to tweak corporate bond purchases and make Main Street loans more
effective. The portfolio shrank USD74 billion to USD7.09 trillion, driven by a
USD92 billion decline in FX swaps and a USD88 billion decline in repos. The
balance sheet was still up 67% from USD4.24 trillion in early March.
- For full story see MNI Main Wire at 23:13 BST 06/18 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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