How The Fed Forced The Markets To Change Course
And the hits just keep on coming. The Fed’s May meeting minutes showed that it is concerned about inflation and that is pushing mortgage rates higher once again today. Despite more favorable economic readings, inflation remained uncomfortably high for the Fed and is following neither a downward trend, nor an upward trend. This makes it less likely that the Fed will lower the Fed Funds Rate rate in the near future. The Fed’s inflationary discomfort is forcing markets to change…
Original post by Dan Green