Fed Balance Sheet QT: -$19 Billion in July, -$2.32 Trillion from Peak, to $6.64 Trillion

Fed Balance Sheet QT: -$19 Billion in July, -$2.32 Trillion from Peak, to $6.64 Trillion

The ratio of the Fed’s assets to GDP dropped to 21.9%, lowest since Q4 2019 and back where it had been in 2013.

Fed Balance Sheet QT: -$19 Billion in July, -$2.32 Trillion From Peak, to $6.64 Trillion

by Wolf Richter Wolf Street The ratio of the Fed’s assets to GDP dropped to 21.9%, lowest since Q4 2019 and back where it had been in 2013. Total assets on the Fed’s balance sheet declined by $19 billion in July, to $6.64 trillion, the lowest since April 2020, according to the Fed’s weekly balance sheet today. Since peak-balance sheet at the end of QE in April 2022, the Fed’s QT has shed $2.32 trillion, or 25.9% of its total assets. In terms of …