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Originally Posted by teomaxxx
so it took only 20 days to get mortage rates on the same level back, despite the rate cut. bond market still says fuck you. the further rate cuts probably wont help any mortage owners.
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The latest worrisome data on consumer prices underscore the dilemma the Federal Reserve faces: Should its priority be the risk of inflation or the threat of recession?
Economists widely expect Fed officials to keep their sights squarely on the latter and lower the funds rate at which banks lend to each other by one-half percentage point to 2.5% next month. But this morning's reading on the consumer price index for January suggests that
hopes for a larger cut are unrealistic and shows the limitations of the Fed's rate-cut strategy
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