Fed Speeches and Earnings in Store on Friday

Friday starts off with a rush of big bank earnings, an important retail sales report and comments from the now more hawkish president of the Boston Fed, one of three dissenters at the last FOMC meeting.

In the afternoon, markets will also hear from Fed Chair Janet Yellen, who speaks at a Boston Fed conference at 1:30 p.m. EDT. Boston Fed President Eric Rosengren appears on CNBC at 7:30 a.m. EDT and then makes opening remarks at the Boston Fed’s 60th annual economic conference.

Fed watchers expect Rosengren’s comments to be the potentially more interesting of the two. Rosengren has gone from being viewed as one of the dovish members of the Fed to a more hawkish one.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.