Janet Yellen will address the Economic Club of New York in just over an hour. Clubbers are expecting to hear more accommodative rhetoric coming from this disco diva. The Atlanta and San Francisco Fed Presidents are also on speaking tours, addressing the 0.1% Personal Spending and PCE growth, 0.2% rise in Personal Income, and how that compares with the continued 5.7% expansion of home prices across the country. S.F. Fed Pres. John Williams (also in the music scene as an accomplished film score composer of course) in particular is calling for gradual interest rate increases.
