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Weekly Themes: Yellen Testimony Awaited

Weekly Themes: Yellen Testimony Awaited

6 Years ago | February 08, 2014 00:00:00


Yellen Testimony Slated

The U.S. saw a weaker than expected employment report for January and the markets reacted positively feeling it cemented an easy Fed monetary policy for the foreseeable future. The U.S. focus in the week ahead will be on the semi-annual testimony of new Federal Reserve Chair Janet Yellen on Tuesday and Thursday to the House and Senate, respectively, on the economy. We see no reason for the Fed not to continue its tapering of its Asset Purchase Program because most Governors feel it has outlived its usefulness. As for the ultra-easy short term monetary policy, it is expected to remain accomodative for the foreseeable future. Thus we are expecting no surprises from Yellen before Congress.<

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