JPMorgan pulls $350B from the Fed as rate cuts trigger treasury pivot
JPMorgan Chase moved almost $350 billion out of its Federal Reserve account and pushed most of that money into U.S. Treasuries, as the bank reacted to interest rate cuts this year. JPMorgan's SEC filings on Wednesday showed that its Fed balance dropped from $409 billion at the end of 2023 to $63 billion in the [...]
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