Yellen press conference

Yellen’s Press Conference

March 15, 2017

Over the hour and twenty minutes between the released FOMC statement with accompanying projections and the end of Chair Janet Yellen’s press conference, the ten-year Treasury yield fell seven basis points and the dollar dropped 0.9% against the yen and 0.6% relative to the euro. On the other hand, the prices of both Comex gold […] More

Reflections on Yellen’s Press Conference

September 21, 2016

Markets reacted well. Shortly after the end of the press conference and some 95 minutes after the release of the FOMC statement and forecasts, the 10-year Treasury yield over the whole span of that time was four basis points lower than at the start of the period. U.S. share prices had risen 0.7%, and the […] More