Posted To: MBS Commentary
Very very simple day markets were anxious that Fed might hint at June hike Fed did NOT hint at June hike Markets were happy The end I will now set about the task of stretching the bullet points above into enough prose that those of you who like reading will have something to do for the next few minutes. Otherwise, you've already seen the thesis. Markets were more anxious than the Fed announcement ended up justifying. It's that simple. It's hard to forget just how flagrantly the Fed alluded to the December rate hike with the October verbiage changes. It wasn't unfair to wonder if they'd pull a similar stunt this time around. After all, they say they're on pace for 2 rate hikes in 2016, and they're running out of 'on-cycle' meetings to facilitate that (only...(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/24kKWgz
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