“I KNOW MARKET PARTICIPANTS REALLY WANT TO KNOW EXACTLY WHAT’S GOING TO HAPPEN. THERE IS, AS I SAID ABOUT 18 TIMES, NO PRESET PLAN.”
− US Federal Reserve chair Janet Yellen comments on the outlook for interest rates in a speech on 6 June. The Fed was widely expected to hike rates again when it meets on 14 and 15 June, but weaker-than-expected jobs data in May has caused the Fed to rethink its plans, nytimes.com reported. Yellen highlighted a number of economic uncertainties facing the Fed, including the inconsistency of recent economic data and Britain’s coming referendum on whether to remain in the EU, it reported. A breakup would be economically disruptive, she said.