Posted To: MBS Commentary
On weeks that close out with the big jobs report, an inordinate amount of headlines include a reference to the impending data. The same is true with Fed announcements. Please forgive those of us who stick to this predictable formula. It’s born of necessity because these events are almost always 800lb gorillas with some unknown level of aggression. Sometimes they leave peacefully. Sometimes they smash the place up. At any rate, you’ll know we’ve run out of creative ways to make the same point when you see the classic “All Eyes on The Fed.” But seriously… all eyes are on the Fed. Eyes may occasionally be on other things too, but Fed’s policy course has been a hot topic–and logically so–ever since the economy began doing things it needs to do in order for the Fed…(read more)
