Weekly Call With Jose de Haro: Market Wrap June 19th 2016

cropped-cropped-cropped-img_4110.jpg

Fed Chair Yellen’s semiannual testimony before Congress is the most important event of the week. The Chair will appear before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. We can expect Yellen to reiterate the cautious message of last week’s post-FOMC meeting press conference. However, we cannot discount the risk that she will deliver a slightly more upbeat message in case she is dissatisfied with the financial markets’ interpretation of the path of monetary policy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s