The Fed debate continues over tapering the bond purchases and uncertainty lurks over the capital markets. Doves, reluctant to taper, give a nod to the still struggling labor market and the very low inflation rate (has merit). The Hawks felt that the recent rise in interest rates would exert little restraint and easier lending standards would help juice the economy (I agree). Fed will probably kick the can down the road a bit more, which is like tearing a bandaid off REAL slow...it hurts. Look for continued uncertainty and volatility...and upward pressure on mortgage rates. My opinion, and I could be wrong.
Posted on: Thu, 22 Aug 2013 16:05:04 +0000
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