Yellen review: "Holy dovish deep dish pizza, Batman!"


"This could be one of the most dovish speeches I have ever read from a Federal Reserve official," says Jefferies' David Zervos after reading Janet Yellen's Chicago remarks. " If anyone doubts Janet’s belief that there is excessive slack in labor markets - read the tape. And if anyone doubt’s Janet conviction that there are no material inflation risks on the horizon - read the tape."

Zervos is excited, but the bond market - for now - is shrugging Yellen off, remaining largely as it was prior to her talk.

Earlier: Yellen walks back hawkish vibe

ETFs: IEF, PST, IEI, TYO, DTYS, UST, TBX, VGIT, GSY, DTYL, SCHR, ITE, TYD, TBZ, FIVZ, DFVL, DFVS, TYNS

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Comments (2)
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Surprise surprise....Yellen is a liberal economist...
    31 Mar 2014, 11:52 AM Reply Like
  • Uncle Pie
    , contributor
    Comments (4322) | Send Message
     
    so why is gold down today in USD?
    31 Mar 2014, 01:26 PM Reply Like
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