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discount: Rate projections from the Fed - Pay points? - John Sr & John Jr... - 01/13/12 03:55 PM
Fed will publish short-term rate projectionsThe Federal Reserve will now tell the public its expectations for short-term interest rates, starting after its Jan. 24-25 meeting. I find this odd, and here is why...
 
>>Reliability. If market realities change, the Fed may need to adjust rates. That is the Fed's job first and foremost.
>>Conflict of interest because the Fed may not want to contradict itself, and hesitate to take needed actions that conflict with its own projections.
>>Confusion. This pertains to short term rates, NOT (long-term) mortgage rates. People are constantly confused about this. Mortgage rates are primarily determined by capital markets. I am also concerned … (0 comments)

 
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Paul Luykx

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