The answer lies in the caveat: Barring a double-dip in housing, however, Fed officials are unlikely to meddle. And the CYA statement: “Market analysts say a rapid spike in mortgage rates above 6 percent, up from current levels just above 5 percent, could get the Fed to rethink its stance, particularly if a spike is accompanied by a downturn in sales or prices.
Nothing to see. Government will continue printing money until people are paying 90% of their income to taxes – if they have a job.
