Markets Preview: Brexit Vote and Yellen Testimony

The transcript discusses the potential outcomes of the Brexit vote and its implications for the US economy, particularly in relation to the Federal Reserve's interest rate decisions. It covers expectations for Janet Yellen's testimony before Congress, the Fed's cautious approach to rate normalization, and the impact of Fed policy on emerging markets. The discussion also explores possible central bank actions in response to a Brexit vote.

What is the significance of the labor data in relation to the Fed's policy decisions?

What factors contribute to the volatility in the markets as discussed in the text?