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Fasten your seat-belts as December lift-off is coming signals Yellen – Deutsche Bank

FXStreet (Delhi) – Research Team at Deutsche Bank, suggests that although today is all about the ECB, yesterday’s headlines reverberated around the latest comments from Fed Chair Yellen who re-affirmed the high likelihood now that we’ll see the Fed commence liftoff in just under two weeks.

Key Quotes

“She confirmed that ‘on balance, economic and financial information received since our October meeting has been consistent with our expectations of continued improvement in the labor market’ and that ‘helps strengthen confidence that inflation will move back to our 2% objective over the medium term’.”

“She added that liftoff is a day she that expects everyone has been ‘looking forward to’ and warned of the dangers from delaying the start of normalization for too long. As we’re becoming accustomed to, Yellen also highlighted the need for a gradual normalization process.”

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