US Economics and Rates Strategy_ Fed Balance Sheet – Reserves remain abundant
Bazaarvoice·2024-10-31 02:40
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 ...