There was nothing in Yellen's comments to worry the markets today
Fuller Treacy Money
There was nothing in Yellen's comments to worry the markets today. In fact, they were reassuring for investors. US short-term interest rates will probably not rise until the economy is clearly stronger and 10-year government bonds are closer to 3% than today's level of 2.587%. Yellen will know that smart machines are the main reason for the elevated unemployment rate and the huge number of people who are working part-time rather than full-time which they would prefer. In fairness to the Chairman, 'full employment' is one of her two mandates but more difficult to achieve due to the accelerating rate of technological innovation which this service has so often emphasised.
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Fuller Treacy Money is one of the world's most highly regarded research services covering global strategy and investment trends. Produced by Global Strategists David Fuller and Eoin Treacy, Fuller Treacy Money analyses the major markets - stocks, bonds, currencies and commodities - from both a technical, behavioural and fundamental economic
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Fuller Treacy Money
Fuller Treacy Money is one of the world's most highly regarded research services covering global strategy and investment trends. Produced by Global Strategists David Fuller and Eoin Treacy, Fuller Treacy Money analyses the major markets - stocks,...
Expertise
No areas of expertise
Fuller Treacy Money
Fuller Treacy Money is one of the world's most highly regarded research services covering global strategy and investment trends. Produced by Global Strategists David Fuller and Eoin Treacy, Fuller Treacy Money analyses the major markets - stocks,...
Expertise
No areas of expertise
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