Posted To: MBS Commentary
Friday was a volatile day for markets as investors were anxiously awaiting comments from Fed Chair Yellen that might speak to the likelihood of a Fed rate hike (or 2?) by the end of 2016. Yellen, herself, didn't provide much by way of concrete guidance on that topic. While she did say that the case for a hike has strengthened in recent months, that's something that markets were already assuming based on the rebound in some of the economic data and the lack of major global financial fallout from Brexit. Markets were spooked for a few minutes and then quickly moved back to their best levels of the week. The trading day may have been over at that point if no other Fed speakers said anything disconcerting. Fed Vice Chair Fischer then stepped in to clear a few things up for Yellen. It just...(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/2bUlAnH
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