Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

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Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

Estimated reading time: 0 minutes, 36 seconds

Bodnar of MMG: An Overwhelming Policy Response from the Fed, Administration

Saturday, May 01 2021

Written by The Mortgage Leader

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This week it is all about an overwhelming policy response from the Fed and Administration meeting the market response... and what stocks, bonds and the U.S. dollar think of it all, according to Bill Bodnar of the Mortgage Market Guide (MMG).

BillBodnar122 "The Fed confirmed they are not even thinking about thinking about raising rates or tapering bond purchases," he adds. "The Administration laid out details of the American Jobs Plan, bringing the three plans to $6 trillion."

In the days, weeks and months ahead we will see if inflation is a problem, a further decline in the dollar emerges and ultimately where these plans end up.