Yellen
Daily wrap up -26 September
On the economic calendar today, the most prominent headline was Janet Yellen, FED Governor speech, entitled "Inflation, Uncertainty and Monetary Policy", warning FOMC from moving too gradually and confirmed that the Fed able to meet the inflation target of 2%, and not considering changes in the target, noting that it is the uncertainty that strengthens the policy of gradually rate hike, which she supports despite the weakness of inflation.
Yellen: Uncertainty strengthens the gradual approach to raise interest rates
26 Sep 2017 07:51 PM |The remarks by Janet Yellen, Federal Reserve Governor, were as follows:
- A gradual approach to rate hikes is appropriate in the light of subdued inflation.
- It would be unwise to leave interest rates unchanged until inflation reaches 2%.
The week ahead (25 – 29 September)
25 Sep 2017 02:55 PM |The weekend saw flaming events as elections were held in New Zealand and Germany, New Zealand's ruling National Party has won the largest number of votes, reaching 46%, while the opposition Labor Party has won 35.8%. The next few days will witness talks in order to form a coalition, to form the new government pending the announcement of the results officially on October 7.
The Senate nominates Quarles as Federal Reserve Vice president
7 Sep 2017 05:30 PM |The Senate Banking Committee voted today with 17 votes to 6 to introduce candidate Randal Quarles to the FOMC. Earlier in the day, WSJ reported that Trump was unlikely to nominate Gary Cohn as chairman of the Federal Reserve Bank as an alternative to Janet Yellen, whose term expires next February.
Fischer resigns from Fed
6 Sep 2017 06:45 PM |Stanley Fischer, the vice chair of the Federal Reserve Bank, has resigned a year before his term ends due to personal reasons in an official letter to US President Donald Trump that he will step down in October.
BTMU warns against buying euro
28 Aug 2017 11:47 AM |Comments from the Bank of Tokyo - Mitsubishi after the end of the Jackson Hole Conference as follows:
• Statements by Janet Yellen, the Federal Reserve Governor and almost free to talk about monetary policy through Jackson hole are not unexpected.
Asian shares gain ahead of Yellen, shrug off Trump controversy
12 Jul 2017 09:30 AM |By Reuters : Asian shares gained on Wednesday after Wall Street managed to weather a fresh twist in the controversy over U.S. President Donald Trump's alleged connection with Russia, while investors looked ahead to Federal Reserve Chair Janet Yellen's comments.
Expect one more US rate hike this year even if Ivanka Trump is leading the Fed, UBS economist says
3 Jul 2017 11:58 AM |By CNBC : The Federal Reserve has locked itself into a strategy to raise rates one more time this year despite whoever is leading the central bank, a global economist at UBS Wealth Management said.
The week ahead ( 3 – 7 July ) : Eyes on Employment numbers again
3 Jul 2017 02:13 AM |With the start of the second half of 2017, several important economic data will be released this week and are likely to have a significant impact on market movements.
Japanese stocks edge towards two-year high, dollar firms before Yellen
27 Jun 2017 09:09 AM |By Reuters Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year.
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