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Miscommunication shook up mortgage, bond markets

Author

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  • Christopher J. Neely

Abstract

What the Fed said last year it could do if deflation surfaced was one thing. What the markets heard was another. The result was mania in the bond and mortgage markets.

Suggested Citation

  • Christopher J. Neely, 2004. "Miscommunication shook up mortgage, bond markets," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 4-9.
  • Handle: RePEc:fip:fedlre:y:2004:i:apr:p:4-9
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    File URL: http://stlouisfed.org/publications/re/2004/b/pages/fed_said.html
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    Cited by:

    1. William R. Emmons & Aeimit K. Lakdawala & Christopher J. Neely, 2006. "What are the odds? option-based forecasts of FOMC target changes," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 543-562.

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    Keywords

    Mortgages ; Bond market;

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