The Federal Reserve incurred a massive loss of $114.3 billion in 2023, marking the highest annual loss in history
Bitget2024/01/15 04:52
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On January 12th, local time, the Federal Reserve released its unaudited preliminary financial statements for 2023. The data shows that the Fed's income after deducting expenses in 2023 was a negative $114.3 billion (approximately RMB 819.3 billion), compared to a positive $58.8 billion in 2022. The reason for this deficit is related to the significant increase in interest expenses resulting from the Fed's interest rate hikes.
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