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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 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.