Fed will slow pace of Treasury buying next week to $30B from $50B

Fed easing off the gas pedal

The Fed announced it will ease up on QE next week in Treasuries, taking it to $30B per day from $50B.

To put that into perspective, QE3 was $40B per month. These numbers are still insane.

Not only that, but the Fed is still buying many billions of other bonds, including the $2.3T in new programs that were announced today.