Yellen Yellin’ On Capitol Hill, Dollar Slumps, Toshiba Turmoils, China PPI, German GDP: Enough Said
Ok, so there was actually quite a bit going on overnight, but needless to say, all anyone cares about is Janet Yellen's visit to Capitol Hill.
The Fed Chair will appears before the Senate Banking Committee at 10 EST and the "will she" or "won't she" debate over whether we'll hear any kind of indication about rising odds of a March hike is dominating trader chatter.
If the dollar is any indication, the consensus seems to be Yellen will come across as overtly dovish or at least as "not hawkish"
