Today's Economic Data Highlights Or Lack Thereof
Although the Federal Reserve and therefore the fixed-income markets are closed for Columbus Day, we have the two Vice Chairmen, of the FOMC and the Board of Governors, both speaking today…
8:00: New York Fed President William Dudley speaks to the Institute of International Bankers…This is billed as a “Regulatory Dialogue,” and we suspect therefore that his remarks will not have much of a direct bearing on macroeconomic policy. But we cannot rule this out entirely, especially as there will be questions and answers….
14:45: Federal Reserve Vice Chairman Janet Yellen speaks on “Financial Regulation and the Economy: Challenges for the Federal Reserve”…to the National Association of Business Economics in Denver. This too is billed as a focus mainly on regulation, but with perhaps a bit more latitude for commenting on macro policy. This is her first speech as Vice Chair of the Board.
From Goldman Sachs