General World News

Federal Reserve accelerates tapering program

The Federal Reserve announced that it is accelerating its tapering of bond-purchases starting in January.

The central bank’s Federal Open Markets Committee said that “in light of inflation developments and the further improvement in the labor market,” it will reduce the pace of its monthly purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities.

That means that on January 14, 2022, the trading desk at the Federal Reserve Bank of New York, responsible for the purchases, will buy at least $40 billion Treasury securities and at least $20 billion agency mortgage-backed details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com