Yellen to sound mostly balanced - TDS

Research Team at TDS, suggests that Janet Yellen will make her semi-annual testimony on Capital Hill on 10th Feb.

Key Quotes

“TD expects Yellen’s remarks to be mostly balanced, reinforcing the Fed’s “wait and see” mode. At the same time she will continue to reiterate the Fed’s optimistic outlook for growth and inflation, though she will likely highlight the increased uncertainty surrounding that outlook. TD expects the tone of Yellen’s remarks to be mostly dovish, reinforcing the lowered odds of a March hike.”