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Markets waiting for Janet Yellen's statement, here's what she going to talk about
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Loading...The futures of the main US indices indicate that a sluggish launch of the US stock market is expected on Tuesday, as investors expect Janet Yellen's speech and US consumer data.
Yellen plans to give a speech on "Inflation, Uncertainty and Monetary Policy" at the Annual Meeting of the National Association for Economics. The statement is expected at 19:45 GMT+3.
On Monday, Fed President for New York, William Dudley, who is generally considered to be close to Yellen's way of thinking, has confirmed his view that rising interest rates will continue on a gradual basis because the economy is solid and the factors that suppress inflation are disappearing.
The market appreciates the possibility of a further interest rate increase in December at 63.2%, with traders and investors looking closely at today's consumer confidence and sales data for new homes. If the data goes out better, the possibility of Yellen being more hawkish set during the statement increases. This in turn will support the growth of the dollar.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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