Posted To: MBS Commentary
Today's main event from a "street cred" standpoint will be the 2pm release of the Minutes from the last Fed meeting . This is a detailed account of the discussion that produced the Fed Announcement at the beginning of May (which contained no significant changes). In some ways, the Minutes from the meetings with no significant changes are potentially much more interesting than the official policy statement. This is especially true when the Fed is actively in the process of adjusting policy. The meetings without policy changes then become the hotbeds of discussion leading up to the material changes at the subsequent meetings. In contrast, the meetings with material changes tend to have less discussion about future changes and more justification for the changes announced at the meeting...(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/2rQ6xR7
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