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Clarida Speech Concludes, With Minor Boost to USD, Rates

  • Clarida's speech and Q&A concludes, but some USD strength / Gold weakness / uptick in yields noted as Clarida adds that it may be appropriate to discuss the taper pace in December. Comes on tails of Waller's hawkish commentary earlier, who argued in favour of accelerating the pace of the taper.
  • Recall this is the assumed taper pace:

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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