Posted To: MBS Commentary
Although today brought the week's most anticipated line-up of economic data as well as overnight headlines on US/China trade agreements, the biggest market mover was yesterday's Fed Minutes. At the time, I expressed confusion as to why financial markets weren't doing more to react to the Fed's most surprising update where it basically said January was a market-friendly month for Fed policy in order to address backlash over an unfriendly December. This is a gross oversimplification of a fairly tactfully worded confession, but it was a confession nonetheless. Don't get me wrong. There were plenty of other reasons for the Fed to be more market-friendly in January, but the fact remains that they took a moment to acknowledge the market's concern and to say they felt they'd...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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