Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount

Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount


The monthly cap was $30 billion for Treasurys and $17.5 billion for mortgage-backed securities. One interpretation of the Fed’s statement in May suggests that the Fed’s balance sheet would decrease by $47.5 billion each month. As shown in the chart below, however, that hasn’t been the case, as the balance sheet size remains at about $8.9 trillion.

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