Will she or won’t she? With an increasing number of market participants entirely confused by the Fed’s utterly failed communications policy – as it constantly changes its focus from one meeting to another – Janet Yellen’s speech today on the economic outlook and monetary policy at the World Affairs Council of Philadelphia seems critical just one week out from a supposedly “live” June meeting (who market-implied rate-hike odds are now just 4%).
Credibility crushed…
Headlines from prepared remarks:
Everything is still awesome…
This post was published at Zero Hedge by Tyler Durden – Jun 6, 2016.
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