View more on these topics

Fed Treasury purchases slow

The Federal Reserve announced yesterday that it is to slow the pace of its purchase of $300 billion (£181 billion) of Treasury securities.

The move means Fed should complete its planned purchases in October, a month later than initially expected. It says the decision has been taken to “promote a smooth transition in markets”.

The Fed reviewed its system of purchasing government debt as central banks grapple with increasing liquidity in the market, while trying to avoid swamping it and making the debt unattractive.

While the Bank of England increased its asset purchase scheme by £50 billion at the last Monetary Policy Committee (MPC) meeting, the Fed kept the overall size of its program steady.

However, this relies on continuing signs of a return to sustainable economic growth, and the Fed says it “will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets”.

Related Articles:
Fed minutes reveal downbeat outlook
The Fed announces its plans for quantitative easing


Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm