15 Jul 2014
Fed's Yellen: Rate hikes may start earlier if labor market recovery quickens
FXStreet (Łódź) - Janet Yellen suggests that the Fed could start raising rates more quickly than currently expected if the US labor market improves more quickly than projected.
• Slack in the labor market still lingers.
• Yellen signals that rates should stay low for a long period post- QE, the end of which is planned for October.
• Equity and real-estate appears to be normally valued, while high yield markets appear stretched.
• FOMC's growth, unemployment and inflation forecasts are surrounded by "considerable uncertainty," Yellen says.
• Slack in the labor market still lingers.
• Yellen signals that rates should stay low for a long period post- QE, the end of which is planned for October.
• Equity and real-estate appears to be normally valued, while high yield markets appear stretched.
• FOMC's growth, unemployment and inflation forecasts are surrounded by "considerable uncertainty," Yellen says.