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  • Yellen Signals Fed Rate Path Hinges on Whether Turmoil Persists

    From bloomberg.com

    Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. “Financial conditions in the United States have recently become less supportive of growth,” Yellen said in testimony prepared for delivery Wednesday before the House Financial Services Committee in Washington. “These developments, if they prove persistent, could weigh on the outlook for economic activity and the labor market.” Yellen, 69, kicked off two ... (full story)

what impact today on USD?
Patience is best EA in Trading
Quoting rosyfx
what impact today on USD?
Still against Yellen
You cannot learn better without losing
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Arrow to hike rate.
usd going down?
They have no intention of raising rates again any time soon, the December hike was merely to save face.
Quoting cat
They have no intention of raising rates again any time soon, the December hike was merely to save face.
.. yes, unfortunately saving her face doesn't benefit anyone but crushing the economy hurts millions ...
  •  Guest
  • | IP XXX.XXX.1.238
Is there any strong indication of a sooner rate hike ? Looks like it require further recovery of oil and commodities prices . That means USD has to remain subdue for some period.
Quoting golfking
.. yes, unfortunately saving her face doesn't benefit anyone but crushing the economy hurts millions ...
But these people care nothing for the masses.
Come on sheep, I feel like forexfactory is full of sheeple that believe the news.
Quoting Stockman
Come on sheep, I feel like forexfactory is full of sheeple that believe the news.
What are you inquiring of that? Its considerable. Definitely probable this has been an issue threatened. I was at Jacksonhole Wy last year campaining against their agenda to raise rates. Some were bold enough to come down and address out campaign . for the most part they beat around the bush but it's def a probable happening.
Quoting golfking
.. yes, unfortunately saving her face doesn't benefit anyone but crushing the economy hurts millions ...
ZIRP is a direct transfer of wealth from the Middle Class (workers, savers, pensioners) to the Elites (banks and billionaires who can speculate with free money).

America is the only major country in a position to slowly normalize rates. The US election is ALL about the Rape of the Middle Class... with Trump and Sanders winning by offering polar opposite solutions.
So I take it you're more for Sanders then trump right? Besides the concept of middle class rape tells me that there's more to money then we think. So what's the agenda behind money to where we have to rape the middle class to keep elites wealthy to infinite wealth?
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