Yup, QE3's finished, over and done with ... but surprise surprise, the Fed's balance sheet is still expanding - it's expanded by 3.8% relative to its level this time last year and get this, it's up by 14.8% from December 2013 (a month before taper started). https://www.financialstandard.com.au/feed/latest?story=49915219 en-AU Copyright 2026 Financial Standard 5