18 Jun 2014
Yellen could be more hawkish at today's press conference
FXStreet (Łódź) - Adam Narczewski, Financial Analyst at X-Trade Brokers, XTB, believes that today's Fed monetary policy meeting can actually be very interesting, with attention focusing on Janet Yellen's press conference following the announcement of the decision.
Key quotes
"The U.S economy is doing pretty well and yields (after a period of declines caused by the ECB policy) started to increase. There are speculations that the Fed should start thinking about interest rate hike to avoid any speculative bubbles."
"I do not expect that QE will be cut this time but Yellen could use a more hawkish tone on the press conference."
"Forecasts of the unemployment rate can be better again and the so called dot-chart (Fed members' expectations chart) could signal an interest rate hike."
"Despite the fact that higher interest rates could be introduced at the earliest next year, it can cause a large decline of equities."
Key quotes
"The U.S economy is doing pretty well and yields (after a period of declines caused by the ECB policy) started to increase. There are speculations that the Fed should start thinking about interest rate hike to avoid any speculative bubbles."
"I do not expect that QE will be cut this time but Yellen could use a more hawkish tone on the press conference."
"Forecasts of the unemployment rate can be better again and the so called dot-chart (Fed members' expectations chart) could signal an interest rate hike."
"Despite the fact that higher interest rates could be introduced at the earliest next year, it can cause a large decline of equities."