“If the labour market continues to improve more quickly than anticipated by the committee, resulting in faster convergence toward our dual objectives, then increases in the federal funds rate target likely would occur sooner and be more rapid than currently envisioned,” said Ms Yellen.
The main story out from FT is taking this as a hawkish proposition:
Although Ms Yellen’s warning is carefully balanced, it makes clear that if jobs growth continues at this year’s rapid pace of 230,000 a month, it could force the Fed to raise interest rates earlier than expectations for the second half of 2015.
Im still looking for targets to buy the USD against, mainly EUR and CAD for now. If equities and carry trades really start to take hits on some sort of broader correction I see TRY as extremely vulnerable to risk aversion.
The main story out from FT is taking this as a hawkish proposition:
Although Ms Yellen’s warning is carefully balanced, it makes clear that if jobs growth continues at this year’s rapid pace of 230,000 a month, it could force the Fed to raise interest rates earlier than expectations for the second half of 2015.
Im still looking for targets to buy the USD against, mainly EUR and CAD for now. If equities and carry trades really start to take hits on some sort of broader correction I see TRY as extremely vulnerable to risk aversion.
Twitter: @TrendersGame
what is your TP on UJ? diky moc za odpoveď
