On The Radar: November 8 2021

On The Radar: November 8 2021

November 10, 2021

What did the Fed decide at their recent meeting?

As widely expected, the Fed announced that beginning this month, they will reduce their monthly purchases of bonds by $15 billion ($10 billion of Treasuries and $5 billion of mortgages). They currently buy $120 billion per month(chart). All 11 voting members of the FOMC unanimously approved the decision. If they stick to their schedule, they will be done by June.

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