Could The Fed Have Been Too Hasty?

It's easy to play Monday Morning Quarterback from my laptop, but now that we've seen most of September's data, it looks like the economy is not as weak as was advertised. Jobs data was revised higher Retail sales blew away expectations PPI was off the charts Jobless claims continue to trend downward Fear shaped market expectations this summer and most of it stemmed from the crumbling sub-prime market. In time, though, as markets always do, that fear got turned into...

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[Source: The Mortgage Reports Blog]