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PSYCH!! The Fed’s Great Unwind Isn’t Happening Quite Yet (SOMA Declined 0.17% For Week Ending October 25, 2017

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

Fed Chair Janet Yellen previously announced that the unwind of their balance sheet of over $4 trillion would begin October 1st.

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PSYCH!!

As of 10/25/17, the Fed’s balance sheet “unwound” by 0.17%. Or 7.38 billion. Hardly an unwind.

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Here is the latest System Open Market Account Holdings (SOMA) report.

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I just hope Yellen doesn’t come on the news yelling “PSYCH!!!!!!!!!”

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