US: Focus on Yellen – TDS

Sandeep Kanihama FXStreet Contributor

Fed Chair Yellen will discuss global economic issues at 13:00 ET during a moderated conversation (and audience Q&A) in London and will be keenly watched by investors.

Key Quotes

“We expect Yellen to push back against criticism over the Fed’s last rate hike and efforts to normalize policy. However, there is a risk that Yellen may emphasize data dependence, which could be interpreted (mistakenly, in our opinion) as dovish. We will also hear from Harker and Kashkari, both of whom are 2017 voters, while Williams (non-voter) speaks overnight in Australia.”

“Conference Board consumer confidence for June is the only economic release of note and the market consensus is for the index to drift lower to 116.0 from 117.9.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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