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Fed's Yellen Says Future Rate Hikes Dependent on US Economy

January, 19 2017
watermark Economic news

Federal Reserve Chair Janet Yellen has stated that the Fed might consider implementing a Fed rate hike in the near future provided that the US economy maintains its presently positive economic outlook. However, with the incoming Trump administration, Yellen has reiterated that the FOMC has yet to see the incoming administration’s policies and how these could alter the Fed’s current outlook. This particular statement has created support for the US dollar in  the past trading sessions, while Treasuries dropped in value.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.