The Fed did send the signal they are going to reduce bond buying very soon.

The Fed met last week and all but announced they will begin reducing the amount of bonds they have been buying monthly. They have sent a strong signal to financial markets they will announce this reduction at their November meeting. They also raised their inflation expectations for this year but not for 2022. They continue to believe inflation pressures will ease early next year. They lowered their forecast for economic growth reflecting the impact of the surge in the virus currently being experienced. Finally, they moved their guidance for the first increase in managed rates into the second half of next year from 2023.