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Liquidity: Difference between revisions
→Current data and trends:
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* As an effect of QT, Bank reserves are also declining, they stand at 3.1 Trillions, it has declined$ trillion since November 2021, a 25% decline, | * As an effect of QT, Bank reserves are also declining, they stand at 3.1 Trillions, it has declined$ trillion since November 2021, a 25% decline, | ||
* It has been stable the last 3 months at $3 trillions, which could explain some of the financial easing that we saw in January 2023 <ref>https://fred.stlouisfed.org/series/TOTRESNS</ref> | * It has been stable the last 3 months at $3 trillions, which could explain some of the financial easing that we saw in January 2023 <ref>https://fred.stlouisfed.org/series/TOTRESNS</ref> | ||
* Bank reserves are still above the pre-pandemic level | * Bank reserves are still above the pre-pandemic level, but it is expected to continue declining along with QT. | ||
=== Reverse Repo === | === Reverse Repo === | ||