Fed's Yellen says is not envisioning a predictable path, but the path of rate hikes is likely to be gradual

Noticias del mercado

27 septiembre 2017

Fed's Yellen says is not envisioning a predictable path, but the path of rate hikes is likely to be gradual

To get to a neutral stance would require a bit more tightening but not an excessive amount
Path of rate hikes is subject to a great deal of uncertainty, not set in stone
Path of rate increases won't necessarily be predictable
Shrinking balance sheet will put some upward pressure on term premiums
Term premiums are narrow in part because of spillovers from international monetary policy

U.S. treasury yields hold at higher levels after 2-year note auction; 2-year yield hovers at highest level since october 2008

Swiss UBS consumption indicator rose to 1.53 points in August

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