MBS Week Ahead: After Last Week's Fed, How Will We Pass The Time?

Posted To: MBS Commentary

With all the build-up to last week's FOMC Announcement, and the fairly fast-paced market movement that followed, what will we do now for excitement? Ironically, the best answer for the week ahead might bring us right back to Fed-watching . Reason being, there are several Fed speeches this week, and they'll offer an important opportunity to clarify last week's takeaways. Recapping those, we have: Fed did not hike rates. Unlike the consensus for a "no hike" scenario, Fed Announcement and Yellen Press Conference struck a dovish tone (i.e. no tough talk about October or December rate hike) Fed broke new ground by openly considering and officially mentioning "global economic and financial developments" as putting "further downward pressure on inflation."...(read more)

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