The Federal Reserve has ended its three-year period of losses and has now returned to profitability.

According to Odaily Planet Daily, the Federal Reserve appears to have finally reversed its unprecedented three-year loss streak. Data released in recent weeks shows that since the beginning of November, the Fed has returned to profitability, enough to slowly cover the accounting entries used to cover the losses. Furthermore, the size of the Fed's so-called deferred assets has shrunk since November 5th, from $243.8 billion to $243.2 billion on November 26th. The interest rate cuts have largely ended the Fed's losses, meaning that the costs it pays to banks to maintain the target range for the federal funds rate have decreased. The Fed's federal funds rate, after peaking at 5.25% to 5.5% in 2023, is currently hovering between 3.75% and 4%. Given officials' concerns about the state of the job market, the Fed may cut rates further in the future. (Jinshi)