Fed to buy about $32 bln of securities Oct 15-Nov 8

NEW YORK, Oct 13 (BestGrowthStock) – The Federal Reserve will buy
about $32 billion of Treasuries and Treasury
inflation-protected securities in nine operations from Oct. 15
through Nov. 8, the New York Fed said on Wednesday.

The purchases will be made under a program announced by the
Fed at its Aug. 10 meeting, under which it is buying Treasuries
and TIPS using funds from maturing agency bonds and
mortgage-backed securities in an effort to keep steady its
holdings of domestic securities.

To date, the Fed has bought about $44 billion, primarily
made up of Treasuries, under the program.

Fed to buy about $32 bln of securities Oct 15-Nov 8