Central Bank Reserve Holdings of Gold For the first time since the end of WWII, central banks are increasing their holdings of gold to diversify their reserves away from the U.S. dollar, amid trade tensions. Image: Bernstein
Bank Reserves and the U.S. Dollar This interesting chart shows the correlation between excess reserves held by banks at the Fed and the U.S. dollar. Image: Financial Times
Bank Reserves Held at the Fed Nice chart showing that overall deposits at the Fed from banks have fallen over the past year. Image: Reuters
Reserve Bank Credit, Treasury Securities and MBS This chart shows how Reserve Bank credit has increased, as the Fed has continued to add treasury securities to its balance sheet. Image: Wells Fargo Investment Institute
China – Required Reserve Ratio vs. M1 Money Supply Growth The People’s Bank of China slashed the reserve requirement ratio for most financial institutions, but M1 money supply growth is currently near the lowest. This is not good news for GDP growth. Image: Jeroen Blokland
Total Allocated Exchange Reserves by Currency The U.S. dollar represents 61% of all central bank foreign reserves. And the total value of all currencies held in foreign exchange reserves is almost $11 trillion. Image: howmuch.net
Atlanta Fed GDPNow U.S. Real GDP Estimate The GDPNow model estimate for U.S. real GDP growth is now 1.8% for 2019:Q4. Image: Federal Reserve Bank of Atlanta
China’s Monetary Policy The Chinese banks’ reserve requirement ratio will be cut by 50 bps on January 6, to 12.5%. Image: Bianco Research
Philly Fed Leading Index and Recession The Philly Fed Leading Index for the United States suggests that the U.S. economy is still in expansion mode over the next 6 months. Image: Federal Reserve Bank of Philadelphia
Probability of U.S. Recession Calculated from the Yield Curve The probability of U.S. recession over the next 12 months, calculated from the yield curve, decreased to 27% in December. Image: Federal Reserve Bank of Cleveland