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Fed’s Yellen to Speak on Inflation Thursday

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Fed Chair Janet Yellen speaks Thursday evening on inflation and policy, a week after the Fed surprised the markets and helped stir up new fears of deflation.

“Her topic is on inflation dynamics and monetary policy. We definitely want to hear what she has to say because the topic is relevant,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank. “Does she guide on the near-term outlook for monetary policy? My answer is ‘no’ because not enough time passed between last week and this week. Nothing changed.”

But traders are particularly eyeing her comments on inflation in the 5 p.m. ET speech at the University of Massachusetts, where the audience will not be able to ask questions.

Via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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