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Yellen Speech Today


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Yellen speaking on economic outlook and monetary policy today 17:30 BST. Either, or.


Either mon pol is data dependent and no change until data is right so very low nfp means probably no June rate hike.


Or, as per Fed member Mester in a speech after nfp,  one poor number has not changed the overall picture and gradual rate hikes remain appropriate.


But NFP wasn't just a poor number, 

What will it be from Yellen? Fudge as usual? Probably expect a whipsawing chart throughout a speech with plenty of 'this, but on the other hand that'.





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