Markets Rebound From Rate Hike Fears

What a difference a weekend makes.  Friday's losses in MBS bonds and stocks turned into gains today as traders absorbed all last week's Fed speak.  The Fed's favorite measure of inflation, the Personal Consumption Expenditure, was up only .1% in July.  TheFed likes this index as the bucket of goods changes every month as supply and demand changes the price of items in the market place.  The Dow closed up 107 points today.