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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.