The market had long anticipated the move, and prices surged on Monday.

The market will anticipate only so far in advance, and then needs evidence.

The market had anticipated a deficit of about $8.9 billion.

"The markets are already anticipating that there will not be a clear outcome."

The market has been anticipating the report for several days.

The market had been anticipating a gain of about 1 percent in home sales, he noted.

The lifting of both rates was a little more aggressive than the market had anticipated.

But the market has already anticipated many of those defaults, she said.

And to the extent that the markets have not already anticipated higher rates, they will drive down stock prices.

"The $14.1 billion deficit was at the low end of what the market had been anticipating."