New York Fed skips new Treasury purchases for third straight month, reinvests $14.6B
- —Fed skips new Treasury purchases for a third straight month
- —It will reinvest $14.6 billion of maturing principal into short-term Treasuries
- —No new liquidity is being added to the banking system
- —Markets expect new purchases to resume in mid-November
Why it matters: The pause in fresh liquidity limits support for risk assets including bitcoin, while a November restart could act as a growth catalyst.
Source: Bloomingbit