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11 Feb 2014
Flash: Yellen main focus - Rabobank
FXStreet (Guatemala) - Strategists at Rabobank explained that the main focus of both the day and the week will of course be the new Fed Chair Janet Yellen, who gives what used to be called the Humphrey Hawkins testimony before the US House of Representatives.
Key Quotes:
“For many of us this will be the first time to observe Mrs Yellen in the media spotlight. Moreover, the new Chair takes the floor of the House against a backdrop of disappointingly weak headline payrolls growth over the past few months”.
“Obviously, the market will try to discern from her comments, and the subsequent Q&A, if she is inclined to consider a pause in the pace of QE tapering as a result”.
“At the same time there will also be key interest as to how her Fed is likely to differ from that of her predecessor Ben Bernanke in terms of issues such as forward guidance, especially with the unemployment rate now close to the Fed’s target level of 6.5%”.
Key Quotes:
“For many of us this will be the first time to observe Mrs Yellen in the media spotlight. Moreover, the new Chair takes the floor of the House against a backdrop of disappointingly weak headline payrolls growth over the past few months”.
“Obviously, the market will try to discern from her comments, and the subsequent Q&A, if she is inclined to consider a pause in the pace of QE tapering as a result”.
“At the same time there will also be key interest as to how her Fed is likely to differ from that of her predecessor Ben Bernanke in terms of issues such as forward guidance, especially with the unemployment rate now close to the Fed’s target level of 6.5%”.