2 Jul 2014
Fed head Yellen's speech today in focus - Deutsche Bank
FXStreet (Łódź) - Jim Reid from Deutsche Bank suggests that Fed chief Janet Yellen’s lecture at the IMF today will take much of the limelight.
Key quotes
"The exact topic of her speech is not yet known though as it is simply being billed as a Central Bank lecture, followed by a Q&A conversation with IMF Managing Director Christine Lagarde."
"If Yellen does discuss current monetary policy, we can probably expect more of the same overall tone that we saw from her post-FOMC press conference."
"Recall also that at that press conference, Yellen mentioned that 'high yield bonds have certainly caught our attention', so it will be interesting to see whether she elaborates on this topic given the IMF appears to have become more vocal about the issue of financial stability lately."
"DB’s Joe Lavorgna notes that Yellen will not have the employment data at the time of her talk. Traditionally, the Fed Chair does not get these figures until the early evening of the night before their release."
Key quotes
"The exact topic of her speech is not yet known though as it is simply being billed as a Central Bank lecture, followed by a Q&A conversation with IMF Managing Director Christine Lagarde."
"If Yellen does discuss current monetary policy, we can probably expect more of the same overall tone that we saw from her post-FOMC press conference."
"Recall also that at that press conference, Yellen mentioned that 'high yield bonds have certainly caught our attention', so it will be interesting to see whether she elaborates on this topic given the IMF appears to have become more vocal about the issue of financial stability lately."
"DB’s Joe Lavorgna notes that Yellen will not have the employment data at the time of her talk. Traditionally, the Fed Chair does not get these figures until the early evening of the night before their release."