Fed Pauses Reserve Management Purchases Through Mid-November

The Federal Reserve said on Wednesday that it will pause purchases of U.S. Treasury securities for reserve management purposes for the third consecutive month during the upcoming operations period, signaling that policymakers are satisfied with current levels of bank reserves in the financial system. The New York Fed website shows that while its Open Market Trading Desk has no plan for reserve management purchases during the monthly period ending November 13, it still plans to conduct approximately $14.6 billion in reinvestment purchases during the same period. (Sina Finance)