Posted To: MBS Commentary
Members of the FOMC are constantly giving speeches and making appearances at various events. The only exception would be the "blackout period" where Fed speakers refrain from commenting on monetary policy in the week leading up to an official policy announcement. Apart from that, there are typically more than enough Fed sound bytes floating around to sate the desires of Fed prognosticators. Seemingly overnight, several Fed members have either changed their tune or have simply ramped up their dovishness . That's a kitchen-sink term for a set of policy beliefs that's generally bond-friendly. The most recent shift has been for Fed members to acknowledge the stubbornness of inflation and for some to suggest that further policy tightening isn't even justified at the moment...(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/2sWJBk6
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