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Federal Reserve Reports Second Year of Negative Net Income Amid High Interest Rates

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    Posted by Two Blokes Jun 4 - Filed in General - #TwoBlokesTrading  - 7 views
    The Federal Reserve's System Open Market Account (SOMA) saw its net income decline for the second year in a row in 2024 and could see another drop in 2025, the New York Federal Reserve said in a report released Tuesday (June 3). The losses slowed in 2024, with SOMA net income being negative $74.