Didn’t we just get confirmation from Powell and Co. that they would be purchasing at a steady pace $120Bn a month in US Treasuries and Mortgage Backed Securities?
Well once again we see another massive over estimated purchase on today’s FED H4 report, where we note that the FED did indeed purchase (QE) some $58 Billion this week alone, which is an annualized $3 Trillion QE program a stark contrast to the intended, $1.44T estimation, more than double in fact! Here is todays highlighted data:
As far as today’s settlement prices for Thursday September 24th 2020:
