Yellen to reiterate the Fed’s upbeat outlook - TDS

Research Team at TDS, suggests that its going to be a quiet start to the week in the US with the Fed’s Labor Market Conditions Index scheduled to be released. 

Key Quotes

“Far more attention will fall on Fed Chair Yellen’s remarks in Philadelphia.  TD’s expectation is for 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.”