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Fed's Dovish Dudley Says Recovery to Slow in 2012
Posted to: Micro News
Friday, January 27, 2012 10:15 AM

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  • RTRS – Fed’s Dudley says much work remains to achieve Fed's dual mandate of employment, price stability
  • RTRS - monetary policy will continue to do its part to support recovery
  • RTRS - action on housing, fiscal policy also needed for recovery
  • RTRS - pace of recovery remains sluggish, likely to slow somewhat in 2012
  • RTRS -says expects moderate growth this year, but risks are skewed to downside mainly due to Europe
  • RTRS – U.S. economy continues to operate with 'significant excess slack'
  • RTRS - slack is putting downward pressure on trend inflation, which may be headed lower
  • RTRS - says unemployment likely to remain unacceptably high for near term



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Mortgage Rates:
  • 30 Yr FRM 3.92%
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  • 15 Yr FRM 3.28%
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  • Jumbo 30 Year Fixed 4.17%
MBS Prices:
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  • 30YR FNMA 5.0 108-01 (0-03)
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  • 30YR FNMA 5.5 108-31 (0-02)
Recent Housing Data:
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  • Refinance Index 0.83%
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