In mid-March, the financial system was on the verge of collapse, debt markets ceased to function, and the Fed had no choice but to turn on the printing press at full capacity and literally flood the fire with money.
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Now the situation is more or less stabilized, and the US regulator is reducing the quantitative easing program.
- Initially, the printing press has been giving out $75 billion a day, and subsequently this figure decreased.
- Three weeks ago, the Fed announced a decline to $50 billion,
- and then up to $30 billion,
- $15 billion,
- and now only $10 billion a day.
But even these figures are two orders of magnitude different from the volumes that were before the epic with the coronavirus.
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As of April 22, the Fed’s balance sheet totaled a record $6.57 trillion, $205 billion more than the previous week and $2.664 trillion more than a year earlier. These are just fantastic numbers, which in theory should mean a colossal depreciation of the dollar.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #QE #Fed
=======
Now the situation is more or less stabilized, and the US regulator is reducing the quantitative easing program.
- Initially, the printing press has been giving out $75 billion a day, and subsequently this figure decreased.
- Three weeks ago, the Fed announced a decline to $50 billion,
- and then up to $30 billion,
- $15 billion,
- and now only $10 billion a day.
But even these figures are two orders of magnitude different from the volumes that were before the epic with the coronavirus.
=======
As of April 22, the Fed’s balance sheet totaled a record $6.57 trillion, $205 billion more than the previous week and $2.664 trillion more than a year earlier. These are just fantastic numbers, which in theory should mean a colossal depreciation of the dollar.
========
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #QE #Fed
