Fed Balance Sheet QT: -$36 Billion in May, -$2.29 Trillion from Peak, to $6.67 Trillion, Lowest since April 2020.

Fed Balance Sheet QT: -$36 Billion in May, -$2.29 Trillion from Peak, to $6.67 Trillion, Lowest since April 2020.

The Fed improves its Standing Repo Facility to prevent another repo market blowout as the balance sheet continues to drop.

Fed Balance Sheet QT: -$36 Billion in May, -$2.29 Trillion From Peak, to $6.67 Trillion, Lowest Since April 2020.

by Wolf Richter Wolf Street The Fed improves its Standing Repo Facility to prevent another repo market blowout as the balance sheet continues to drop. Total assets on the Fed’s balance sheet declined by $36 billion in May, to $6.67 trillion, the lowest since April 2020, according to the Fed’s weekly balance sheet today. Since peak balance sheet at end of QE in April 2022, the Fed’s QT has shed $2.29 trillion, or 25.6% of its total assets. In ter…