What Concerns are on Yellen's Radar?
U.S. stock-index futures rose, signaling the S&P 500 Index will post back-to-back gains for the first time in almost two weeks, as investors turned their focus to monetary policy. Contracts on the S&P 500 expiring in September climbed 0.4 percent to 2,083.25 at 9:52 a.m. in London. The benchmark advanced the most in almost four weeks yesterday after polls showed the U.K. campaign to remain in the European Union gaining ground before Thursday’s referendum. Federal Reserve Chair Janet Yellen begins her two-day semi-annual testimony to lawmakers at 10 a.m. in Washington. The central bank last week signaled a cautious approach to future rate hikes, scaling back its projections for the next two years.
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Fidelity's Collins Sees Dec. Fed Hike 70% Priced-In
32:25 - Fidelity International Fixed Income Portfolio Manager Bryan Collins discusses the bond market and Fed policy. He speaks on "Bloomberg Markets." (Source: Bloomberg)