Fed to Buy $105 Billion of Treasuries in Next Month
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The Federal Reserve will purchase $105 billion of Treasuries over the next month as policy makers expand monetary stimulus measures to reduce unemployment and avert deflation.
The central bank will conduct 18 open-market operations from Nov. 12 through Dec. 9, according to a statement today on the Federal Reserve Bank of New York’s website. The central bank is buying an additional $600 billion of Treasuries through June and expects to reinvest $250 billion to $300 billion of proceeds from mortgage-backed debt and agency securities into Treasuries.