Posted To: MBS Commentary
Today was pretty anticlimactic . Most of my analysis is already available in the Day Ahead . If you're not the link-clicking type, it basically says that the ECB seems set to announce "something" in December. Perhaps that "something" will be its intention to taper asset purchases or perhaps it will officially extend them. Either way, Draghi did a very good job today of admitting to the fact that tapering was being discussed while still disavowing that it had been discussed! How did he do that?! With committees! Much like there are various types of members of the Federal Reserve (regional presidents, voters, non-voters, and the board), there are similar divisions at the ECB. Several times during the press conference, Draghi alluded to the fact that tapering was discussed...(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/2eyDpYd
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