NEWS

Fed to Start Buying $60 Billion of Treasury Bills Per Month

Fed to Start Buying $60 Billion of Treasury Bills Per Month

Oct.11 — The Federal Reserve said on Friday it will begin buying $60 billion of Treasury bills per month in mid-October as it seeks to rebuild its balance sheet and avoid a repeat of the turmoil that racked the money markets in September. Bloomberg’s Mike McKee reports on “Bloomberg Markets: European Close.”

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