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23 Feb 2015
Yellen expected to remain optimistic – BAML
FXStreet (Barcelona) - The Research Team at BofA-Merrill Lynch, expects Yellen to be optimistic and consistent with Fed communications, which might be might USD-supportive.
Key Quotes
“Fed Chair Janet Yellen will give the Semi-Annual Monetary Policy Testimony before the Senate Banking Committee on Tuesday and before the House Financial Services Committee on Wednesday.”
“We believe Fed Chair Yellen's Semi-Annual Congressional Testimony will not be as dovish as the FOMC Minutes.”
“Instead, she will remain optimistic, consistent with recent Fed communications, which should push rates and the USD higher.”
Key Quotes
“Fed Chair Janet Yellen will give the Semi-Annual Monetary Policy Testimony before the Senate Banking Committee on Tuesday and before the House Financial Services Committee on Wednesday.”
“We believe Fed Chair Yellen's Semi-Annual Congressional Testimony will not be as dovish as the FOMC Minutes.”
“Instead, she will remain optimistic, consistent with recent Fed communications, which should push rates and the USD higher.”