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Rates remain range bound since May what will it take to go lower? Click to listen!
Day two of the FOMC meeting and we are about to get the word on upcoming monetary policy direction. Watch the video to hear the plan and why the government thinks this stimulus package will keep long-term rates low. The real questions is will it work and how will this affect Mortgage Backed Securities and interest rates. I’m taking a locking stance, as I fully expect some volatility this afternoon.
This chart illustrates the most recent ADP employment report released today showing an increase of 91,000 private-sector payrolls in August. These numbers suggest a recent trend of modest employment growth. Markets use this report as a gauge on the U.S. government’s job estimate which will be released on Friday.