What Investors Want to Hear From Janet Yellen

The transcript discusses key phrases like 'significant underutilization' and 'considerable time' that investors are keen on hearing from the Fed. It explores the implications of these phrases on interest rates and the labor market. The discussion includes projections for the Fed funds rate and potential market reactions. The impact of the Scottish referendum on U.S. equities and the British pound is also considered.

What does the phrase 'significant underutilization' refer to in the context of the Federal Reserve's statements?

• The condition of the labor market

• The state of the housing market

• The status of international trade

• The level of consumer spending

How might the removal of the word 'significant' from 'underutilization' affect perceptions of the labor market?

• It implies the labor market has improved

• It indicates no change in the labor market

• It means the labor market is deteriorating

• It suggests the labor market is weaker

What did Janet Yellen indicate about the timing of interest rate increases in her previous statements?

• They would start before bond purchases end

• They would start immediately after bond purchases end

• They would begin six months after bond purchases end

• They would not start until the following year

How do rate increases typically affect a bull market, according to historical data?

• They lead to a market crash

• They have no impact on the market

• They result in average returns

• They cause a market boom

What is the potential impact of the Scottish referendum on the British pound?

• It will weaken the pound

• It will stabilize the pound

• It will have no effect on the pound

• It will strengthen the pound