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International Business Times UK
International Business Times UK
Business
Jim Manzon

The Fed Is Quietly Buying Bonds Again — Here's Why Crypto Twitter Is Wrong About It

The Federal Reserve has held US interest rates steady for four straight meetings while inflation runs at 4.2% and hikes loom (Credit: Planet Volumes/Unsplash)

A viral claim that the Federal Reserve is 'printing money' again swept social media this week, but the nearly $10 billion (£7.6 billion) in bond purchases fuelling the excitement is routine financial plumbing, not a return to pandemic-style stimulus.

Posts amplified by crypto accounts, including the widely followed X profile Crypto Rover, framed an expected $9.96 billion (£7.59 billion) injection as a bullish green light for Bitcoin and other risk assets. The figure traces back to the New York Fed's published purchase schedules, which have run at roughly $10 billion a month since spring.

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