A picture showing the "terrifying" plunge of the USA's balance sheet: The Federal Reserve's reserves fall below 3 trillion. Is the rate cut cycle about to end soon?

The Federal Reserve's reserves have fallen below 3 trillion dollars, the lowest level since 2020. The market worries about a repeat of the situation in September 2019, when the Fed's balance sheet reduction led to a scarcity of reserves, causing key loan rates and federal fund rates to surge.

FX16811:33

The Federal Reserve's reserves have plummeted! Falling below 3 trillion dollars, reaching a new low since 2020.

The reserves of the Bank of America system have fallen to their lowest level since October 2020, dipping below the 3 trillion dollar mark.

Zhitong Finance11:12

US Bank Reserves Drop Below US$3 Trillion Amid Tightening Measures

Business Today11:00

The Federal Reserve's reserves have fallen below 3 trillion dollars, reaching their lowest level since 2020.

A survey conducted by the New York Federal Reserve's Market Operations Department reveals that two-thirds of respondents expect QT to end in the first or second quarter of 2025.

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MarketWatch09:49

Reserves at Fed Sink Below $3 Trillion to the Lowest Since 2020

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