Yellen to confirm lower odds? - TDS

Analysts at TD Securities noted that the week ahead comes with Yellen's Testimony before Congress.

Key Quotes:

"Janet Yellen will make her semi-annual testimony on Capital Hill. TD expects Yellen’s remarks to be mostly balanced, reinforcing the Fed’s “wait and see” mode.

At the same time she will continue to reiterate the Fed’s optimistic outlook for growth and inflation, though she will likely highlight the increased uncertainty surrounding that outlook. TD expects the tone of Yellen’s remarks to be mostly dovish, reinforcing the lowered odds of a March hike."