The post US To Commence Its Treasury Buyback Program Ahead Of Fed Rate Cut appeared first on Coinpedia Fintech News
On Tuesday, August 6, 2024, the United States will commence its ambitious Treasury buyback program, which aims to purchase $50 billion worth of Treasury securities each month. According to the latest tentative schedule, the program will start with an $8.5 billion buyback in August, followed by a whopping $31.5 billion worth of Treasury buyback in September. Thereafter, the U.S. government will initiate a $10 billion buyback in October. This move aims to manage the supply of government bonds in the market and support liquidity. This comes at a crucial time as the U.S. Federal Reserve is expected to announce an emergency interest rate cut soon.
