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A balanced tone is expected from Yellen – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Strategists at TD Securities see Chairwoman J.Yellen striking a balanced tone at her testimony tomorrow.

    Key Quotes

    Janet Yellen will make her semi-annual testimony on Capital Hill”.

    “TD expects Yellen’s remarks to be mostly balanced, reinforcing the Fed’s “wait and see” mode”.

    “At the same time she will continue to reiterate the Fed’s optimistic outlook for growth and inflation, though she will likely highlight the increased uncertainty surrounding that outlook”.

    “TD expects the tone of Yellen’s remarks to be mostly dovish, reinforcing the lowered odds of a March hike”.
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