Fed Watch: Bernanke Testimony Focuses on Growth, FOMC Minutes Released

July 21st, 2008 | Category: Mortgage News

Current Rate: 2.00%
Next Rate Decision: Aug. 5
Market
Expectations: The OIS implied rate suggests markets are 16% priced in for
a 25bp hike at the next assembly and are pricing in a 41%
chance of a quarter-point hike at the September assembly.

Last week was a fairly engaged week for Federal Reserve news, with two
days of testimony from Chairman Ben Bernanke before the Senate Banking
Committee

on Tuesday and the House of Representatives’ Committee on
Financial Services on Wednesday. additionally on Wednesday, the Federal Open
Market Committee released the minutes from its June 24-25 monetary policy
assembly.

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Original post by Mortgage News Daily - Mortgage And Real Estate News

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