Macro Notes
Yellen and DudleyPeter Boockvar
As our day job consists of parsing thru every single word any central banker utters, two of the three key members of the Fed have spoken within the last 12 hours, Yellen and Dudley, both ardent defenders of cheap money. Yellen last night gave no hint of what happens next (gold lower reflective of this) and covered all her bases as while she defended her stance on being "highly accommodative" and said "further easing actions could be warranted if the recovery proceeds at a slower than expected pace," she followed by saying "while a significant acceleration in the pace of...
read more »
0 comments:
Post a Comment