Fed Watch: Bernanke Testimony Focuses on Growth, FOMC Minutes Releasedhttp://www.mortgagenewsdaily.com/7212008_Fed_Watch.aspCurrent Rate: 2.00% Next Rate Decision: Aug. 5 Market Expectations: The OIS implied rate suggests markets are 16% priced in for a 25bp hike at the next meeting and are pricing in a 41% chance of a quarter-point hike at the September meeting. Last weekenCommunityServer 2008 SP2 (Build: 31106.96)