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The Fed Posts Historic Operating Losses As It Pays Out 5.40 Percent Interest to Banks
by Pam Martens and Russ Martens, Wall St On Parade: According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 […]
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