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Some Tsys traders are combing through.......>

US TSYS
US TSYS: Some Tsys traders are combing through these Yellen inflation comments:
from the 8am ET MNI Main Wire story; Fed released Yellen speech text early at
8am ET ahead of her 10am ET Econ Outlook to Joint Econ. panel of Congress.
Yellen said, "In my view, the recent lower readings on inflation likely reflect
transitory factors. As these transitory factors fade, I anticipate that
inflation will stabilize around 2 percent over the medium term. However, it is
also possible that this year's low inflation could reflect something more
persistent."
- However such comments can arguably be either read to presage lower or higher
inflation, depending on which phrase you concentrate on.

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