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8 Feb 2016
Yellen testimony key in a quiet week - Investec
Research Team at Investec, suggests that we have a very quiet day on the data front today and that echoes out into the week ahead but the big event this week will be Fed Chair Janet Yellen's semi-annual monetary policy report to Congress.
Key Quotes
“She is set to speak before House and Senate committees on Wednesday and Thursday respectively at 15:00. Yellen is likely to paint a picture of economic recovery justifying December's first US rate hike in almost a decade, while investors will eagerly await to see if the Fed Chair has taken on the more dovish tone of some of her other committee members since January's market moves, pointing to a cautious approach ahead.”
Key Quotes
“She is set to speak before House and Senate committees on Wednesday and Thursday respectively at 15:00. Yellen is likely to paint a picture of economic recovery justifying December's first US rate hike in almost a decade, while investors will eagerly await to see if the Fed Chair has taken on the more dovish tone of some of her other committee members since January's market moves, pointing to a cautious approach ahead.”