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Yellen May Soothe but Not That Much

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Fed Chair Janet Yellen will try not to rock already shaky markets Wednesday, but she is expected to continue to say the Fed hopes to hike interest rates.

Fed watchers say the weak May jobs report, with just 38,000 payrolls, ended all chances the Fed would hike rates at its meeting this week, even though it had signaled a hike was possible this summer ahead of the June 3 report. Now market uncertainty over the U.K. Brexit vote gave it yet another reason to pause.

CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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