As he has said in the past, Federal Reserve Board Chair Kevin Warsh doesn't plan to give advanced guidance when it comes to what the plan is for interested rates into the future. This week at the IMF discussion in Bangkok, declined to signal an October interest rate decision as consumer, producer and import inflation data raised uncertainty for mortgage markets.
The Federal Open Market Committee meets October 27–28. Until the actual decision, lender and borrower planning should distinguish market expectations from policy commitments. Warsh’s Friday remarks underscored uncertainty rather than resolving it.
Will the Next 10 Years Bring a Glut in the Market?
