Yellen’s prepared remarks for the Senate
– Cautious approach on rates allows time to assess if economic growth is rebounding and if outlook for labor market, inflation will improve
There isn’t much to trade on here. What I takeaway is the focus on household spending. She believes the consumer will keep the economy going. That puts a focus on what’s happening in retail sales.
Yellen: Cautious approach to rate hikes ‘remains appropriate’ because of jobs slowdown
ByAdam Button
Jun 21, 2016