18 Jun 2014
All eyes on Yellen and clues of rates hike - RBS
FXStreet (Barcelona) - Greg Gibbs, FX Trading Strategist at RBS, notes that Fed's Yellen could shed more light on the future rate hikes in the US economy.
Key Quotes
"The Fed Chair's press conference is the key vehicle through which the Fed has conveyed key details on policy direction. The communication strategy is that the conference is intended to convey the balance of opinion of the FOMC (not the personal opinion of the Chair, in this case Yellen)."
"Last year, Bernanke gave guidance on the timing of the Fed's taper. Yellen may be compelled to begin to guide the market on the timing and pace of interest rate hikes, just as BoE Governor Carney did at his Mansion House speech last week."
Key Quotes
"The Fed Chair's press conference is the key vehicle through which the Fed has conveyed key details on policy direction. The communication strategy is that the conference is intended to convey the balance of opinion of the FOMC (not the personal opinion of the Chair, in this case Yellen)."
"Last year, Bernanke gave guidance on the timing of the Fed's taper. Yellen may be compelled to begin to guide the market on the timing and pace of interest rate hikes, just as BoE Governor Carney did at his Mansion House speech last week."