Meyer really drove it home. He said once they (the Fed) see clear-cut signs of inflation, they will be considerably more aggressive. |
People are afraid the Fed will have to be more aggressive. It spooked everyone. |
There's only 15 days to FOMC (Federal Open Market Committee). We're going to get jitters ahead of that. |
Unless we get some type of external shock that drives this market to lower yields, I don't see any type of prolonged rally ahead of the Fed meeting. |