Excerpt from: Flagstaff Mortgages
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| November 19, 2007 | | Fed being "more transparent" will help consumers to understand what is happening with Home Loan Rates. | Stocks are down today with CITI anouncing that they could have to write off an additional $4 Billion due to sub-prime mortgage related losses. This announcement has applied pressure on Stocks, which in turn has boosted the Bond Market slightly higher. Tomorrow at 2pm ET, the new and improved, "more transparent" Fed is slated to release the first of its new economic forecasts as well as the Minutes from its October Meeting. The new quarterly forecasts from the Fed will include their projections on Overall and Core Personal Consumption Expenditure, Real Gross Domestic Product and the Unemployment Rate. The Minutes and forecasts could have an impact on the market tomorrow, especially as Traders look to handicap the December 11th Fed Meeting for direction on whether the Fed will cut or not. I recommend that you float today. | |
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