Pantheon Macroeconomics - If Fed Chair Yellen's objective yesterday was to deliver studied ambiguity in her Testimony--and we believe it was--she succeeded. She offered plenty to both sides of the rate debate. For the hawks, she noted that unemployment is now "...in line with the median of FOMC participants' most recent estimates of its longer-run normal level", and that inflation is still expected to return to the 2% target, "...once oil and import prices stop falling".

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11 Feb. 2016 March is Still in Play, but Only if Data and Markets Cooperate

By Ian Shepherdson

If Fed Chair Yellen's objective yesterday was to deliver studied ambiguity in her Testimony--and we believe it was--she succeeded. She offered plenty to both sides of the rate debate. For the hawks, she noted that unemployment is now "...in line with the median of FOMC participants' most recent estimates of its longer-run normal level", and that inflation is still expected to return to the 2% target, "...once oil and import prices stop falling".

Posted: 11th Feb 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 11 Feb. 2016 March is Still in Play, but Only if Data and Markets Cooperate

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