The ECB and Fed balance sheets showed a decrease in QT assets, with the former dropping from €1.77 Trillion to €7.07 Trillion and the latter dropping by $1.0 Trillion.

ECB Balance Sheet QT: -€1.77 Trillion from Peak, now down to €7.07 Trillion. Shed 43% of Pandemic QE Assets

Quantitative tightening (QT) powers along in the euro area. Total assets on the ECB’s weekly balance sheet plunged by another €75 billion over the week, to €7.07 trillion, the lowest level since December 2020. The ECB has now shed €1.77 trillion ($1.86 trillion), or 20%, of its total assets since the peak in June 2022.

The ECB has now shed 42.7% of the €4.15 trillion in assets it had piled on during the pandemic.

Fed Balance Sheet QT: -$1.0 Trillion from Peak, to $7.96 Trillion, Lowest since June 2021. In September Alone -$146 billion

This is a big milestone of the Fed’s Quantitative Tightening (QT): Total assets dropped by $1.01 trillion since peak-QE in April 2022, to $7.96 trillion, the lowest since June 2021, according to the Fed’s weekly balance sheet today.

In September alone, total assets dropped by $146 billion as another big chunk of bank-panic support unwound.

Total assets have now dropped 11.3% from the peak.