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September 2015

Fed Chair, Janet Yellen`s speech

Published: Thursday 24 September 2015

Earlier this afternoon, we had durable goods and jobless claims data out from the U.S. all figures came in line with expectations. All eyes will be Fed Chair’s Janet Yellen’s speech tonight. She is due to speak on inflation dynamics and monetary policy. There is still a lot of uncertainty in the markets about when the Fed will raise interest rates. If the Fed is data dependent then we may see the interest rate hike pushed back into next year. This is after low inflation figures and the continuing deflationary pressures. Yellen will need to clarify where the Fed stands and as it stands, the market is only pricing a 35% chance of a rate hike this year.