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Weekly Trading Outlook Active Period in Store:

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6 Years ago | February 15, 2014 00:00:00


Yellen Testimony Raised no Red Flags

the initial testimony by new Fed Chair Yellen contained no surprises In a marathon five hour session before the House Banking Committee, she was well-prepared and proved she had a lot of endurance. On the policy side, she indicated that the FOMC would run a policy consistent with her predecessor,Ben Bernanke. After all, she played a key role in shaping hose policies. In general, the Fed is expected to remain on its USD 10bln per meeting taper schedule, but will continue to pursue an ultra-easy short-term monetary policy well into the future. Obviously, policy will be data-dependent. We feel it would take something major to derail an end to the Asset Purchase Program by the

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