Press conference from Yellen
- Growth will be pulled down by hurricanes
- Storms unlikely to to alter course of econ beyond next two qtrs
- Jobs market to strengthen further
- Effects holding down inflation should be transitory
- Understanding effects of inflation are not perfect
- Expects inflation to move up and stabilise at 2.0%
- Fed is prepared to adjust policy as needed to get inflation back to 2.0%
- Gradual hikes still warranted
- Fed funds rate does not have to rise much further to get to neutral stance
- Balance sheet will decline gradually and predictably
The buck is still trucking. USDJPY breaks above 112.15 to a 112.39 high. 112.50 is the next level to watch
Latest posts by Ryan Littlestone (see all)
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022