Post-Fed Meeting, It's A Back-Heavy Week For Economic Data

The Fed signaled in its press release that future rate cuts are not guaranteed. It looks like we're back to data-dependency -- the Fed will act on what it sees. Well, today and tomorrow, there is a lot to look at. First, the Fed's preferred inflation gauge (Personal Consumption Expenditures) hits the wire this morning, and then tomorrow we'll get the monthly jobs report. Unless the PCE numbers are off-the-charts, expect markets to coast through today on post-Fed meeting malaise...

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[Source: The Mortgage Reports Blog]