Fed reports record loss for 2023 amid surge in interest expenses

Capt. John

Rising income expenses pushed the Federal Reserve system deep into a record loss last year, the central bank said in preliminary figures released on Friday. Fed income after expenses came in at a negative $114.3 billion last year, versus $58.8 billion in positive income the year before. The loss...

https://www.hellenicshippingnews.com/fed-reports-record-loss-for-2023-amid-surge-in-interest-expenses/

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