Fed Chair Yellen Addresses Senate Banking Committee; Latest Brexit Polls Are Divided

Fed Chair Janet Yellen is scheduled to give a speech today on Capitol Hill before the Senate Banking Committee where she’s expected to speak about the Federal Reserve’s monetary policy.

Last week Committee members at the Federal Reserve voted to hold back from raising interest rates during their June policy meeting.

Global shares advanced yesterday following news over the week-end about 2 polls in the U.K. that show British voters prefer by a small margin remaining in the European Union.

On Thursday the U.K. will vote in a referendum whether to remain in the EU.

Investors remain cautious ahead of the Brexit vote which could lead to a high level of uncertainty in global markets if Britain votes to leave the European Union.

Following the polls over the week-end, two new polls released on Monday show divided results in the U.K. about leaving the EU.

The latest online poll from YouGov on Monday revealed that 44 percent prefer leaving the EU while 42 percent prefer remaining in the EU, and 9 percent don’t know.

According to another Monday poll released by ORB International for the Daily Telegraph, 53 percent prefer to remain in the EU compared to 46 percent who want to leave the EU.

U.S. Presidential Poll

According to CNN/ORC poll released on Tuesday Clinton has a +5 point lead over Trump in the general election.

Yesterday Donald Trump released his campaign manager Corey Lewandowski which comes after a string of presidential election polls show Clinton leading Trump in the general election.

Trump also lags far behind Clinton with campaign fundraising. According to campaign filings, Clinton has $42 million in the bank compared to Trump’s $ 1.3 million in June.

Written By:

Johnathan Schweitzer




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