Posted To: MBS Commentary

As far as weeks with plenty of potentially relevant scheduled events on tap, this one does not disappoint. The only question is how much markets will care about anything other than major coronavirus developments. Fed Meeting Wednesday The Federal Reserve's Open Market Committee (FOMC) will meet on Tue/Wed, culminating in the 2pm release of a new policy announcement on Wednesday. There's not much we can imagine the Fed could say that we haven't already heard and very little risk of any chances to existing policy measures. To be sure, there's zero chance of a change to the Fed Funds Rate and effectively no chance of a change to the only other thing we really care about: the Fed's bond buying program. That means it's up to Powell's press conference to offer up digestible…(read more)

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Source: Mortgage News Daily