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Fed balance sheet
Fed balance sheet is up 2.8% from a year ago and has held roughly steady over the last 3 months. That is in its normal range: higher than 51% of readings since 2006.
Latest (vs. a year ago)
2.8%
Latest level
$6.76 trillion
As of
Nov 11, 2026
3-month change
+1.04 % pts
1-year change
+9.12 % pts
20-year percentile
51st
20-year median
2.6%
What it is. Assets the Fed holds; grows with QE, shrinks with QT. A higher reading means more liquidity in the Liquidity reading. Shown as the change from a year earlier.
What it affects next
It is close to normal and not moving much, so there is no ripple to trace right now.
What is driving it
None of its tested drivers is moving much right now.
All tested links
Fed asset buying adds liquidity, often supportive for risk assets. Typical lag: weeks-months. Strongest match 10 months later (correlation 0.26, 266 observations since 2003).
Source: Federal Reserve via FRED (series WALCL).