10 Jul 2015
Yellen could shed further light on lift off – TDS
FXStreet (Edinburgh) - According to strategists at TD Securities, next week’s testimony by J.Yellen could give further hints on the timing of the Fed’s lift off.
Key Quotes
“Yellen’s Semi-annual Testimony on Capitol Hill will provide a key platform for her to offer some much needed guidance to the markets on the near-term outlook for monetary policy which we expect will be USD-positive”.
“The Fed Chair is likely to strike a relatively balanced tone as she tries to manage expectations and lay the groundwork for lift-off later this year”.
“In particular, we expect her to emphasize the recent progress in domestic economic activity, reinforcing the Fed’s cautious optimism about the economic outlook”.
“At the same time she is likely to punctuate the relatively upbeat tone with caution about the risks associated with the ongoing tensions in Greece and China”.
Key Quotes
“Yellen’s Semi-annual Testimony on Capitol Hill will provide a key platform for her to offer some much needed guidance to the markets on the near-term outlook for monetary policy which we expect will be USD-positive”.
“The Fed Chair is likely to strike a relatively balanced tone as she tries to manage expectations and lay the groundwork for lift-off later this year”.
“In particular, we expect her to emphasize the recent progress in domestic economic activity, reinforcing the Fed’s cautious optimism about the economic outlook”.
“At the same time she is likely to punctuate the relatively upbeat tone with caution about the risks associated with the ongoing tensions in Greece and China”.