Search results for: janet yellen

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What to expect from Janet Yellen’s testimony

Yellen’s testimony before U.S. lawmakers will help clarify how she plans to govern the committee. Some investors are expecting a meaningful change in direction from the Yellen Fed.

Tagged with: Economy, U.S. Economy

Yellen at Jackson Hole

At last week’s Jackson Hole Symposium Janet Yellen was not the dove we thought we knew. Balanced remarks on labor market and cumulative progress toward recovery put her views close to center of FOMC.

Tagged with: Economy, Fixed Income, Global Economy

U.S. rates — View update

Compared to the market consensus, our views have been more negative on three key duration fundamentals. Following recent remarks by Fed Chair Janet Yellen, we are now less confident about how to read Yellen’s policy strategy.

Tagged with: Economy, Fixed Income, U.S. Economy

Dovish feathers showing through

Dovish comments by Fed officials lead us to believe that normalization in interest rates could take a more circuitous route. While the steady economic recovery makes higher yields inevitable, the path we take to get there is dependent on the Yellen Fed’s policy approach.

Tagged with: Economy, U.S. Economy

U.S. rates — An intriguing six point three

Fed and consensus unemployment forecasts are likely to come down after last week’s jobs report. It is not obvious what lower unemployment rate forecasts mean for U.S. monetary policy.

Tagged with: Fixed Income, Investing

What investors should know about Fed forward guidance

The Fed’s communication for 2014 looks like the strongest type of forward guidance, one that clarifies the existing policy approach and backs up its statements. Current statements for 2015 and beyond are closer to the weakest type of forward guidance, which means they should be considered less credible.

Tagged with: Economy, Fixed Income, U.S. Economy

U.S. rates — Forward guidance taxonomy

The Fed’s communication for 2014 looks like the strongest type of forward guidance, one that clarifies the existing policy approach and backs up statements with some type of commitment. Current statements for 2015 and beyond are closer to the weakest type of forward guidance, a forecast that the central bank will behave in the future differently than it has behaved in the past.

Tagged with: Economy, U.S. Economy

Thoughts on navigating market volatility in today’s technology markets

We are seeing a market rotation from momentum to value on macro factors and internal market dynamics. Keys are to stay diversified, look for businesses with strong moats and that produce solid cash flow and compare to historical valuations.

Tagged with: Equities, Investing

Emerging Markets: Waiting on exports

Exports by emerging market economies are the most important factor in explaining long-term growth. EM exports have remained sluggish for the past three years due in part to the subpar nature of global growth.

Tagged with: Global Economy, Investing, Markets

ECB QE – No green light for interest rate risk

Fed officials should be encouraged by the ECB’s announcement to begin a large-scale bond buying program in an effort to shore up growth and prevent deflation. The action reduces downside risks to global growth, and thus the risks of spillovers to the domestic economy.

Tagged with: Economic/Markets Outlook, Economy, Global Economy, Global Perspectives, Investing
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