MBS Day Ahead: Not Much to be Learned From Fed Minutes

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Posted To: MBS Commentary

On both MBS Live and Mortgage News Daily, there's a video in the news stream titled "Key things to watch in the Fed minutes." The commentator rather emphatically says there are 3 important things: " inflation, inflation, and inflation ." News flash to that guy: there's nothing the Fed can say about inflation that we haven't already heard them say in even more meaningful ways. The commentator asserts that we need to hear what the Fed is going to do about the fact that they want to hike rates in December against a backdrop of persistently low/flat inflation. Great news for him! They've already given their opinion on that matter as well! The Fed was well aware of the inflation landscape at the last meeting, and the Fed's rate hike forecast extended only…(read more)

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