US: Yellen and Electoral College vote to keep eyes on - TDS

Analysts at TDS expect that attention in today’s US session will focus on Janet Yellen’s commencement address at the University of Baltimore.

Key Quotes

“Yellen’s address comes at 13:30 ET and will focus on “the state of the labor market,” but given that it is a commencement speech it is likely to be light on substance.”

“Another event that warrants mention is the Electoral College vote to confirm Donald Trump as the incoming US President. While 29 states require their electoral college voters to nominate the candidate their state won, the remaining 21 allow “faithless electors” to break that pledge. This is relatively rare and while there has been talk of faithless electors in 2016, only 1 EC voter has publicly indicated he will break from the his colleagues  (36 would need to break away to force a tie). Therefore, it is a near-certainty that Donald Trump will be confirmed by the Electoral College, though we will not know the official results until ballots are counted in Congress on January 6th.”