Quotes from Danske Bank:
- Overall this was quite a neutral statement by Janet Yellen in her semi-annual testimony to Congress. She does not give too much away in terms of what has to be in place for lift-off.
- We expect 'patience' to be removed in March to give the Fed flexibility to hike in June. We also continue to look for a hike in June based on continued robust employment gains and decent GDP growth rates.
- Risks are, however, still skewed towards a hike later (July or Sept).