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9 Feb 2016
A balanced tone is expected from Yellen – TDS
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”.
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”.