The Fed isn't letting up on its US Treasury buying spree. The chart below (unofficially dubbed #QE by traders) shows the central bank scooping up a total of $15.6 billion in late September and early October.

Purchase Timeline

The bond-buying was spread over five dates: September 17 — $3.891B; September 24 — $1.946B; September 29 — $3.892B; October 5 — $1.946B; October 8 — $3.891B. The amounts aren't evenly split — the Fed alternated between bigger tranches around $3.891–3.892B and smaller ones at $1.946B.

What’s Next

The Fed meets tomorrow. With these recent buys on the books, the market is laser-focused on what the central bank signals about the future pace and direction of its operations.