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WASHINGTON — The Federal Reserve’s balance sheet expanded in the latest week as the central bank stepped up its Treasury purchases.
The Fed’s asset holdings in the week ended Nov. 24 rose to $2.34 trillion from $2.31 trillion a week earlier, the Fed said in a report Friday.
The Fed’s balance sheet has stayed around the $2.3 trillion mark for months but is poised to begin rising toward $3 trillion as the central bank embarks on a bond-buying plan intended to stimulate the economy.
