January 6, 2022 | In this Premium Edition of The Institutional Risk Analyst, we ponder the world of interest rates, stocks and mortgage servicing rights (MSRs) in the wake of the latest pivot in US monetary policy. In past comments, we have referred to the policy shift of FOMC Chairman Jerome Powell as pirouettes, but the most recent change in FOMC policy seems to be more of a fouetté. If you are Misty Copeland, Gillian Murphy or any of our other friends at American Ballet Theater in New York, you got to be able to do a couple dozen fouettés in a row to be in the big leagues of dance.
Interest Rates, Stocks & MSRs
Updated: Jan 7, 2022
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