Posted To: MBS Commentary
It's rare for the near-term outlook in financial markets to operate in the realm of super high probability. With so much money at stake and with traders constantly trying to price current trading levels to reflect every last ounce of data that could conceivably be known (or guessed at) about the future, that's not too much of a surprise. So it will come as no surprise when we consider the upcoming FOMC Announcement in the same light. Is this a "so much at stake" sort of Fed Announcement? Or is it one of those snoozers that will leave us frustrated by its lack of impact? We can't really rule out either eventuality at the moment, though it's slightly easier, in my opinion, to make a case for there being much at stake. The reason for the potentially high impact is NOT...(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/1icCDQy
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