Fed cuts daily Treasury purchases to $4B from $4.5B

Author: Adam Button | Category: Central Banks

Fed continues the taper

This is still a massive amount of bond buying. At $4B per business day, it's around $88B per month, which is more than double the pace of QE3, which was $40B/month.

Here is the progression in the Fed's latest program:

  • $15 Billion/day = 20 - 24 April
  • $10 Billion/day = 27 April - 1 May
  • $8 Billion/day = 4 - 8 May
  • $7 Billion/day = 11 - 15 May
  • $6 Billion/day = 18 - 22 May
  • $5 Billion/day = 25 - 29 May
  • $4.5 Billion/day = 1 - 5 June
  • $4 Billion/day = 8 - 12 June

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