MBS Day Ahead: Fed Minutes Speak to Ancient Well-Known History
The Fed has increasingly been discussing its tapering strategy. They haven’t been shy about saying so. In fact, at least 5 members have vocally supported announcing tapering in the September meeting if jobs gains continue at the current pace. But that’s just the 5 who’ve opted to speak up. There could be a few others who share that sentiment, and today’s Fed Minutes would help the market get a better sense of the number a week before Powell adds even more clarity (hopefully) in Jackson Hole.
Even if that number is surprisingly high, we should also consider…
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