Yellen’s testimony: Growing appetite for monetary policy tightening – Natixis

Analysts at Natixis provide afterthoughts on the Fed Chair Yellen’s testimony that took place before the Senate Banking Committee yesterday.

Key Points:

J. Yellen’s prepared remarks were more hawkish than expected signaling appetite for further monetary policy tightening in the near term.

We see this change of rhetoric as being consistent with our expectations that the Fed will speed up the pace of the tightening cycle later this year.

The next move is still expected in June.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.