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Janet Yellen speech: Forward guidance at Fed should be conditional on the eco outlook

Following are the comments from the Fed Chair Yellen’s speech at the ECB Communications Conference underway.

“Every bit of forward guidance at Fed should be conditional on the outlook of the economy.”

“Always trying to emphasize economic conditionality of upcoming decisions.”

“Market participants should understand forward guidance is not a certainty.”

“Market participants seek more than CBs are prepared to offer.”

UK inflation hits a peak - ING

At 3%, UK inflation looks like it has peaked and without further signs of domestically-driven price pressures, the Bank of England will tread carefull
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Gold: Keeping firm and looking for an upside catalyst – TDS

Key drivers for gold in the form of weaker USD, well contained real interest rates and the Fed funds rate have been supportive for much of this year,
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