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Janet Yellen Gives key Speech on Economy Today

June 7, 2023
in Trade Tube
Reading Time: 1 min read
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Wall Street heads into the new week looking at the fallout from Friday’s ugly jobs report. Federal Reserve Chairwoman Janet Yellen will give a speech at 12:30 ET this afternoon in Philadelphia that will be weighed very carefully. She will take questions from the audience. By just about every account, a Federal Reserve rate hike at the Fed meeting next week is off the table. Snapchat has quietly bought a company called ‘Seene’. Seene is a computer vision start-up that lets mobile users make 3D selfies. Techcrunch reports the technology allows 3D selfies with a normal smartphone and could someday be used in virtual reality. JPMorgan Chase is going business casual. The Wall Street Journal reports on a memo that more of its clients are dressing informally so it will allow its bankers to dress more casual as well.

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