-
Summer Lull Ends with a Bang
The US dollar had spent the last full week of August mostly confined to narrow trading ranges against the major currencies until the Yellen spoke as at the end of the week. She confirmed the constructive assessment of the economy already offered by both Fischer and Dudley in recent days. While acknowledging that the case of a rate hike was strengthening, she shed no light on the timeframe. The tone of her remarks suggested scope only one hike this year, not the two that the Fed dot plots pointed to in June. However, Fischer quickly and explicitly noted that nothing Yellen said ruled out a September move of two moves ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 27, 2016 3:03pm Aug 27, 2016 3:03pm
- AnthonyB
- | Additional Username | Joined Jun 2016 | 39 Comments
- Comment #2
- Quote
- Aug 28, 2016 1:31am Aug 28, 2016 1:31am
- The Fool
- Joined Apr 2009 | Status: Live and learn. | 1464 Comments
"If The Fool persists in his Folly he will become wise." - William Blake
- Comment #3
- Quote
- Aug 28, 2016 9:55am Aug 28, 2016 9:55am
- Temujin
- Joined Dec 2013 | Status: Member | 46 Comments
Be humble or be humbled.