One could expect the Federal Reserve chair nominee Janet Yellen to very much explain the Fed policies because she has been the Fed vice-chair for the last two years. She has very much bought into the strategies being pursued by Bernanke said Jeremy Stretch, head of currency strategy at Canadian Imperial Bank of Commerce. That pretty much boxes analysts into …
One Man’s Opinion: Is The Federal Reserve Likely To Initiate Tapering In September?
US July nonfarm payrolls data came in at 162,000, well below the 200,000 forecasted by most economists, and showed the labor market continues to improve, but at a frustratingly slow pace, said Mohamed El-Erian, chief executive officer and co-investment officer at PIMCO. Internal factors like earnings, long-term unemployment rate, labor participation rate and youth unemployment rate indicate the situation is …
One Man’s Opinion: Has Poor Communications And Lack Of Pragmatic Response From The Fed Caused The Present Uncertainty?
In his latest congressional testimony and the following Q&A session, Federal Reserve Chairman Ben Bernanke tried to distinguish between tapering and tightening and underlined the degree of conditionality that really relates to tapering, says Jeremy Stretch, Head of Currency Strategy at the Canadian Imperial Bank of Commerce. Bernanke has managed to outline the difference between tapering and tightening relatively well …
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