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Yellen testimony to express concern on the global headwinds - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at TDS, suggests that Janet Yellen will make her semi-annual testimony before Congress (commonly known as the Humphrey-Hawkins testimony) at 10am ET.

    Key Quotes

    “We expect Yellen to express concern on the global headwinds in gauging the Fed’s near term monetary policy stance. Other than that she should strike a fine balance between reinforcing the Fed's relatively optimistic outlook for growth and inflation, while at the same time highlighting the increased uncertainty surrounding that outlook.

    The lone item worth mentioning on the data calendar is the monthly budget statement for January which will not be unveiled until 1900 ET; the market consensus is for a $47.5b surplus.”
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