Federal Open Market Committee (FOMC) Statement
Overall, another inflation reading, FOMC meeting, revised Fed economic projections and press conference make Wednesday the most important day for rates, but Tuesday’s CPI release can also fuel a great deal of volatility in the markets. The calmest day may be Friday even though we will still likely see a change in rates that day also. There is little doubt this will be a very active week for the financial and mortgage markets. Accordingly, please proceed cautiously if still floating an interest rate.