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    21.06.2016 14:15 Opening remarks of FED chairwomen, Janet Yellen, in front of the US senate

    21.06.2016 14:15

    Opening remarks of FED chairwomen, Janet Yellen, in front of the US senate

    • Cautious approach on rates allows time to assess if economic growth is rebounding and if outlook for labor market, inflation will improve

    • Available indicators point to 'noticeable step-up' in Q2 GDP. Consumer spending helped by solid income growth

    • Fed to assess whether growth, jobs and inflation will gain

    • China faces significant challenges to rebalancing

    • Pickup in household spending makes her optimistic that jobs market and overall economy will improve over next few months

    • Reiterates that FOMC expects to gradually raise rates

    • Tentative signs of wage growth finally picking up

    • Watching jobs market carefully to see if slowdown transitory

    • Stock market forward P/E ratios well above three-decade median.


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