Brace for loaded Fed speech calendar – BBH

By FXStreet FXStreet (Delhi) – Research Team at BBH, note that the Fed speech calendar is quite loaded, with Brainard, Harker, Yellen, Dudley, and Fischer all appearing today.

Key Quotes

“To the extent that the Fed’s leadership addresses the outlook for monetary policy, they will most likely reiterate the FOMC statement. There was a subtle shift in the burden of proof. Rather than the economy having to do something unless there is disappointment, the Fed is prepared to hike rates at the next meeting.”

“Governor Brainard speaks in Frankfurt. She and Tarullo, who speaks tomorrow, have distanced themselves from the Fed’s leadership by suggesting that rates should not be hiked this year. Nevertheless, we suspect that many understand that the policy signal comes from the Fed’s leadership of Yellen, Fischer, and Dudley.”
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Source:: FX Street