JPMorgan moves $350 billion in US Treasuries out of Fed accounts

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 […] source: https://www.cryptopolitan.com/jpmorgan-moves-350-billion-out-of-fed/