The Federal Reserve is further reducing the rate at which it buys government bonds. The umbrella of central banks in the United States will buy an average of $ 4 billion in bonds daily from June 8-12, versus $ 4.5 billion this week.
The Fed has bought hundreds of billions of dollars in debt securities in about three months. By pumping money into the financial system, the central bank umbrella hopes to prevent money markets from stalling in the midst of the corona pandemic.
The daily buying program peaked between March 19 and April 1, when $ 75 billion worth of securities were bought daily. Then the buy-outs were gradually phased out.