FOR WEDNESDAY: (9/20) Time for more fun and games. The feeling is that whatever Yellen says, the dollar will go down because of the following factors:
* Fed’s dot plot likely to go through a downgrade
* The storms might wreck Fed’s balance sheet plans
* Rate increases won’t necessarily tighten financial conditions
* Yellen’s future still hangs in the balance
* Hawkish Fed cries set to fall on deaf ears (again!)
The problem with all of these stories as there are often surprises.Continue reading