New York Fed says as of January reserve levels still abundant

01/16/2025

Less than a minute

2025.01.16 10:56

By Michael S. Derby

© Reuters. FILE PHOTO: A man walks by the Federal Reserve Bank of New York Building in New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton/File Photo

NEW YORK (Reuters) – The Federal Reserve Bank of New York released data Thursday that suggest it faces no imminent pressure to stop the process of shrinking the size of its balance sheet.

The bank said that its Reserve Demand Elasticity measure essentially held steady as of January 7 at a -0.04 reading.

01/16/2025

Less than a minute

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