New York Fed holds off on new bond purchases for third straight month
The New York Fed will not inject additional money into the financial system through new Treasury bill purchases for a third consecutive month. It will still buy approximately $14.6 billion in Treasury bills by reinvesting money from maturing securities between October 15 and November 13. The Fed sees no urgent need to add liquidity as financial markets remain relatively stable, and markets expect new purchases to resume in mid-November.
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