Enter Sandman?

Enter Sandman?

Julia Coronado - Market Economics
US Daily Spotlight | 09 Jul 2013 00:06 |

Markets settled down a little on Monday with Treasuries yields retracing nearly half their Friday spike and equities posting another modest gain closing just under 2% below their peak on May 21, the day before Chairman Bernanke effectively endorsed tapering. With little data to digest investors are looking to a series of bond auctions and a speech from Chairman Bernanke on Wednesday afternoon to set the tone. Bernanke will speak at a conference sponsored by the National Bureau of Economic Research (NBER) titled “The First 100 Years of the Federal Reserve: The Policy Record, Lessons Learned, and Prospects for the Future”. There is no title listed on the conference agenda but Chairman Bernanke closes the conference after four academic papers on political influences on Fed policy, international influences, appropriate design of a central bank, and the Fed’s track record on regulation. The lunch will feature a talk by Paul Volcker moderated by Martin Feldstein. The Federal Reserve Board has confirmed there will be a prepared text for the Chairman’s talk and he will take audience questions.