Federal Reserve Buys Apple and Ford Bonds

The US Federal Reserve has added $1.33 billion worth of bonds from individual companies on June 22-30, Reuters reported.

The bond purchases included big company names, such as Apple, Walt Disney, and Ford Motor.

The Fed has already bought $428 million worth of bonds bought as part of a large corporate bond-buying program that was launched on June 18.

The move is part of efforts to offset the economic effects of the COVID-19 crisis.