© Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
NEW YORK (Reuters) – The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the central bank on its holdings showed.
The report also showed the Fed appears to have sold around $160 million of its corporate debt holdings since Monday (NASDAQ:), following the announcement it would unwind its nearly $14 billion corporate credit portfolio.
As a first step, the central bank began selling its stakes in 16 bond exchange-traded funds on Monday.
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