Yellen speech in the spotlight – BBH

Research Team at BBH, suggests that the Yellen speaks shortly after midday in the US on Monday and most recently she acknowledged that it might be appropriate to raise rates again in the coming months, without being very specific. 

Key Quotes

“As a labor economist and an experienced policymaker, she will likely look past the noise of high frequency data and focus on what is the underlying signal. From this vantage point, very little changed on June 3.  Simply maintaining the assessment she offered on May 27 would be sufficient to keep the July FOMC meeting live.”