Best Reaction Yet: “Yellen Speech A Whole Lot Of Nothing”

While previously we showed Goldman’s kneejerk response to the Yellen speech, according to which the central bank-spawning hedge fund saw Yellen’s speech so hawkish it raised Goldman’s odds for a September rate hike from 30% to 40%, it was also wrong at least based on the market, which in turn cut its September rate hike oddsfrom 32% to 26% after the speech.

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