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

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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