Fed's balance sheet shrinks by $37B in November, hitting $6.53T, lowest since April 2020. A 27% asset reduction ($2.43T) unwinds 51% of pandemic-era QE additions ($4.81T).
Key highlights:
- Treasury Securities: Down $4B to $4.19T, lowest since June 2020 (-27.4% from June 2022 peak).
- Mortgage-Backed Securities: Fell $16B to $2.05T, lowest since Nov 2020 (-$687B from 2022 peak).
QT ends Dec 1; Bitcoin ($BTC ) eyes rebound with reduced liquidity pressures and possible rate cuts.
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