Posted To: MBS Commentary
It was Draghi! Not Yellen! You know me (maybe?). I hate those cheesy headlines with the "THIS" that alludes to what the headline should have just told you in the first place. But today was such a wonderful example of misdirection for the average financially savvy consumer (and even many working in some financial capacity). Almost everyone with an opinion on the matter will chalk at least some of today's market movement up to Janet Yellen's congressional testimony. After all, we had a big market move and the Fed chief was speaking before the Joint Economic Committee in a way that basically confirmed the December rate hike. It had to be Yellen, right? Without exaggeration or the least bit of uncertainty, I can tell you that Yellen was an utter and complete non-event today. She...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1XLR7Fo
No comments:
Post a Comment