“You’re not the Boss of me” I whispered to my Dog as I put his Blanket on the “Right Way”

So, who’s actually steering the Fed ship? Some days it feels like the Doves have the wheel, other days the Hawks swoop in, and Powell’s just trying not to hit the iceberg. No wonder the markets get seasick.

We have a full slate of Fed speakers this week, setting the stage for a volatile bond market. It’s Doves vs. Hawks and the Fed hasn’t been this divided in years.

Doves continue to push for rate cuts, while Hawks argue the tightening cycle should end here. Today, five Fed members speak three of them voting members, most leaning dovish.

Later this week brings five more, including Powell tomorrow. He remains the wild card: often so hesitant to commit that the lack of a clear decision creates its own uncertainty in the market.

We are carefully Floating our clients refinances and purchase locks today. The Rate is in the details.

Apply now http://www.YourApplicationOnline.com


Leave a comment

Discover more from Mortgage News

Subscribe now to keep reading and get access to the full archive.

Continue reading