CS: More mortgage rate hikes coming as funding costs spike
Via the excellent Damien Boey at Credit Suisse: Fed hikes again, with confusing guidance As widely anticipated, the Fed raised rates to 1.5-1.75% from 1.25-1.5%. That said, the tone of the accompanying meeting statement, and the Fed’s forecasts (dot plots) were a little confusing, but on balance appeared slightly dovish.