FED HOLDS OFF ON NEW BOND PURCHASES FOR THIRD STRAIGHT MONTH The New York Fed will not inject additional money into the financial system through new Treasury bill purchases for a third consecutive month. It will still buy $14.6 billion in Treasury bills, but only by reinvesting

FED HOLDS OFF ON NEW BOND PURCHASES FOR THIRD STRAIGHT MONTH The New York Fed will not inject additional money into the financial system through new Treasury bill purchases for a third consecutive month. It will still buy $14.6 billion in Treasury bills, but only by reinvesting money from maturing securities. Why it matters: The Fed sees no urgent need to add liquidity because financial markets remain relatively stable. Markets expect new purchases to resume in mid-November, potentially providing additional liquidity to the banking system.