During her speech at New York Economic Club which took place at midnight, Beijing time on 30th March, as opposed to the hawkish statements made by a number of officials in the past one week, suggesting the need to increase the interest rate as planned, Janet Yellen, the Chair of US Federal Reserve reiterated she considers it appropriate for the Federal Open Market Committee to proceed cautiously in adjusting policy.

ANBOUND's research team is of the view that remarks made by Yellen will have significant impact on the future global market situation.

This also serves to remind the market that the key to judging the world economy is to take note of the changes in the circumstance; the slowdown in global economy and the global capital surplus remain two basic features, both of which have no changes so far.