Yellen takes centre stage on Monday – TDS

Strategists at TD Securities have emphasized the relevance of the upcoming speech by Chariwoman Janet Yellen.

Key Quotes

“With the disappointing May employment report potentially removing any risk of a June hike, the market will be looking to Yellen’s speech for any clues on the threshold for both growth and employment to underpin the Fed’s confidence that the economic recovery is back on track”.

“Notwithstanding the weak jobs report, TD expects Yellen to reiterate the Fed’s upbeat outlook on growth and inflation, while continuing to emphasize the need for caution”.

“And while Yellen is likely to keep the door open for a summer hike, she will emphasize that any decision will be highly data-dependent”.