Fed to reinvest $15.6B in Treasury bills through Oct. 14
- —Five operations of $3.891B, $1.946B, $3.892B, $1.946B and $3.891B
- —The first operation took place on Sept. 17, with settlement on Sept. 18
- —The FOMC raised rates by 25 basis points to 3.75–4.00%
- —Bitcoin holds above $78,000
Why it matters: Traders see the bill purchases as a hint of easing, but these are routine reinvestments — the market may be disappointed.
Source: Coin Edition