Hawkish Yellen on the cards? – TDS

FXStreet (Edinburgh) - Market participants see Chairwoman Janet Yellen striking a hawkish tone in her testimony this week.

Key Quotes

“Yellen will be balanced and optimistic in her testimony this week, leaving her
relatively hawkish compared to current market expectations”.

“The Fed Chair is likely to lean against a market robbing the Fed of needed flexibility to raise rates this year after the latest minutes gave the market a false sense of security the Fed is blinking on raising rates”.