Oct

Fed’s Balance-Sheet Unwind Could Expose Global Funding Strains

Liabilities include $2.2 trillion of reserves held by banks
Uncertainty as to how banks choose to replace cash at the Fed

While market participants were watching the myriad of Federal Reserve speakers this week to gauge the likelihood of a rate hike in December, the more interesting discussion was taking place in Europe on the risks surrounding the unwind of the central bank’s $4.5 trillion balance sheet…

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Fed’s Balance-Sheet Unwind Could Expose Global Funding Strains

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