NORMALIZACIÓN REACTIVA y FED TRAS LA CURVA. S&P500. RIESGO BANCARIO AL ALZA
La Sra. Yellen presentó el viernes el informe actualizado de «sus» previsiones económicas, según sus palabras son conclusiones personales y no necesariamente compartidas por el consenso de miembros de la Reserva Federal: «Today I would like to speak with you about the outlook for the U.S. economy. I should note at the outset that my remarks today reflect my own views and not necessarily those of others in the Federal Reserve System». Exponiendo los numerosos factores que inciden en la ralentización económica de los últimos meses, tales como gasto del consumidor, inversión empresarial, producción industrial, meteorología… «Recent indicators of both household spending and business investment have slowed, and industrial output has declined. The Commerce Department’s initial estimate was that real gross domestic product was nearly flat in the first quarter of 2015. If confirmed by further estimates, my guess is that this apparent slowdown was largely the result of a variety of transitory factors that occurred at the same time, including the unusually cold and snowy winter and the labor disputes at ports on the West Coast, both of which likely disrupted some economic activity»… el mensaje al mercado continua absolutamente inalterado y resumido en data dependencia en estado puro: «if the
