Online:
Visits:
Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Yellen’s Speech Balances Stable Growth with Unstable Trump

Wednesday, February 15, 2017 20:31
% of readers think this story is Fact. Add your two cents.

(Before It's News)

schiffgold.com / BY SCHIFFGOLD / FEBRUARY 14, 2017

Fed Chairwoman Janet Yellen testified before Congress today with a hawkish tone that sent gold prices downward and bond yields upwards prior and during her testimony. Gold spot prices were down around $11/oz. toward the end of Yellen’s testimony. The 10-year note rose to 2.5% from 2.43% while the 2-year note yield jumped to as high as 1.25 % from a low of 1.18% during her speech, according to CNBC.

Yellen’s comments strengthened the likelihood of interest rate increases for the foreseeable future, stating that “waiting too long” would be “unwise”. She qualified her comments with the warning that raising rates too rapidly could “risk disrupting financial markets and push the economy into recession.”

But we’ve heard such data dependent, optimistic statements before. Last year’s rhetoric had a similar ring. Yellen’s strategy has always been to create just enough possibility of a rate increase to keep investors hopeful, but leave enough doubt to excuse the FOMC for not delivering. Even when the Fed delivers, as they did last December, a quarter point doesn’t even begin to approach normalizing rates. The economic woes of 2017 will more likely force the Fed to walk back their December hike rather than move forward with another.

READ MORE

The post Yellen’s Speech Balances Stable Growth with Unstable Trump appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/15/yellens-speech-balances-stable-growth-with-unstable-trump/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.