Yellen Speech May Offer Little Clarity After Vagueness Paid Off

  • Markets are pricing out a summer Fed increase after payrolls
  • Economists see Yellen sticking to non-commital line on hike

Fed's June Hike Is Off the Table - But Was it Ever On?

Being opaque has been paying off for Janet Yellen. That’s one reason not to expect razor-sharp clarity as she speaks in Philadelphia later on Monday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.