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New York Fed says as of January reserve levels still abundant

by January 16, 2025
written by January 16, 2025

By Michael S. Derby

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.

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