MBS Day Ahead: The Fed News and The OTHER Fed News

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Posted To: MBS Commentary

Wednesday brings this year's 2nd to last installment of Fed policy announcements, and those announcements have certainly been ramping up in terms of significance (and "rates," for that matter). While the Fed is widely expected to raise rates at the December meeting, the same cannot be said for the day after tomorrow. In fact, expectations for a hike this week are almost nil, but traders may well glean clues from this week's announcement that help cement December's probabilities. It also wouldn't be surprise to see markets become slightly more interested in the verbiage of the Fed announcement with inflation continuing to hold in a lower range for perhaps longer than they'd been anticipating. "Lower" in this context refers to Core CPI at 1.7 for 5 months…(read more)

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