Federal Reserve

The Feds in action again – Yellen short on votes

Janet Yellen will have to dig deep into her barrel of diplomatic skills to get the votes she needs to start her rate hike agenda. A majority of economists are of the firm impression that although the US is eyeing some level of recovery the majority of data over the last two weeks including NFP, PPI and Chain Store Sales was negative with a week outlook at best.

The mood in the US is changing drastically as data shows a bearish outlook compared to the Feds agenda and outlook.

With the FOMC ahead in the week we are jammed for critical data that will direct the market for the rest of the week.

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