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10 Feb 2016
Yellen testimony to express concern on the global headwinds - TDS
Research Team at TDS, suggests that Janet Yellen will make her semi-annual testimony before Congress (commonly known as the Humphrey-Hawkins testimony) at 10am ET.
Key Quotes
“We expect Yellen to express concern on the global headwinds in gauging the Fed’s near term monetary policy stance. Other than that she should strike a fine balance between reinforcing the Fed's relatively optimistic outlook for growth and inflation, while at the same time highlighting the increased uncertainty surrounding that outlook.
The lone item worth mentioning on the data calendar is the monthly budget statement for January which will not be unveiled until 1900 ET; the market consensus is for a $47.5b surplus.”
Key Quotes
“We expect Yellen to express concern on the global headwinds in gauging the Fed’s near term monetary policy stance. Other than that she should strike a fine balance between reinforcing the Fed's relatively optimistic outlook for growth and inflation, while at the same time highlighting the increased uncertainty surrounding that outlook.
The lone item worth mentioning on the data calendar is the monthly budget statement for January which will not be unveiled until 1900 ET; the market consensus is for a $47.5b surplus.”