Summary
- The U.S. Federal Reserve officially announced it will halt Balance Sheet Reduction from December 1.
- The Fed said it will halt asset reduction and adjust the amount of maturing bond repayments on its holdings.
- The Fed said this measure is to maintain market liquidity and the stability of the financial system.
The U.S. Federal Reserve (Fed) officially announced that it will halt Balance Sheet Reduction effective December 1.
On the 29th (local time), according to breaking economic news channel Walter Bloomberg, the Fed said in a statement, "We will stop asset reduction from December 1 and adjust the amount of maturing bond repayments," adding, "This is a measure to maintain market liquidity and the stability of the financial system."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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