💰 USA Begins to Save Stock Market and Economy

Yesterday, the US government began implementing a large-scale plan to buy back $50 billion in Treasury bonds.

🗣This program will last until October and is aimed at buying back $50 billion in bonds. The buyback will take place in 3 stages: $8.5 billion in August, $31.5 billion in September, and $10 billion in October 2024.

📈The bond buyback program is seen as an additional measure to lower rates. It is designed to stabilize financial markets. By buying back bonds, the government hopes to support their prices and keep yields under control. This could indirectly support broader economic stability during fears of a recession. Against this backdrop, the crypto market has already noted a recovery, breathing a sigh of relief after Black Monday.