28 Oct 2024 08:59:27 ET │ 10 pages US Economics and Rates Strategy Fed Balance Sheet – Reserves remain abundant CITI'S TAKE The NY Fed has started to publish a Reserve Demand Elasticity (RDE) estimate which currently is statistically indistinguishable from zero and points to reserve abundance. Fed officials' comments on the balance sheet have continued be somewhat hawkish with Dallas Fed President Logan saying that the Fed should tolerate some pressure in repo to get to an efficient balance sheet size. We e ...

Ladies and gentlemen, good afternoon and thank you for standing by. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to the eBay second quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. And after the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press the star key followed by the number one on your telephone keypad ...

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