Ann: $25M Placement To Fast Track Expansion Plans-BLK.AX, page-170

So we had hawkish speech by Yellen last night, 18-30% chance of rates to rise by Sept and 50-60% chance of rates to rise by Dec?

Seems like a coin-flip chance of any increase at all this year?

-"Clearly, market participants are seeing this as a non-event," said Chuck Self, CIO at iSectors. "There was nothing new that came out of that speech."

-"Yellen has all the flexibility to be dovish in September if she wants."

-"Yellen continues to worry about low business investment and declining productivity."

-"Investors also digested the second read on second-quarter U.S. GDP, which showed growth of 1.1
percent, down from the initial read of 1.2 percent."

-"Gold futures for December delivery rose $13.20 to $1,337.80 per ounce."

POG in US spiked to $1340 initially during the speech and now at $1320, in AUD POG $1747...

Looks like US continue to kick the can down the road, whilst a rate hike is inevitable at some stage, even Dec at 50-60% chance could be unlikely...

See how the jobs reports are this week i guess....

https://www.google.com.au/url?sa=t&...ezpwzK0NZ7i4m7waw&sig2=hVTptGyB8B6Yh6-0_ofgCA

https://www.google.com.au/url?sa=t&...2Sl8iSgLo-RE5DAcg&sig2=_ad6kFMJOmrJXu0f68NRcA