🇺🇸 USA Begins to Rescue Stock Market and Economy

Yesterday, the US government began implementing a massive plan to buy $50 billion in Treasury bonds.

🗣 This program will last until October and is aimed at buying back $50 billion worth of bonds. The buyback will take place in three 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 intended to stabilize financial markets. By buying bonds, the government hopes to support their prices and keep yields under control. This could indirectly support broader economic stability during recession fears. Against this backdrop, the crypto market has already seen a recovery, breathing a sigh of relief after Black Monday.